| Posted by: HSB Dec 16 2004, 06:06 PM |
Hi
Great forum all
I am looking to move to the US next summer and wish to purchase a business on a E2 Visa, can I get financing for this business or does it have to be bought 100% by my money? I would be willing to put down more than 20% of the business cost at least.
Thanks in advance.
HSB.. |
| Posted by: loanuniverse Dec 16 2004, 08:37 PM |
I think only an inmigration attorney can answer this. That or visiting the ins.gov site to get an idea of the program. Sorry.
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| Posted by: Commercial Lender Dec 16 2004, 11:20 PM |
| Depends on the business. If its a franchise you def need to be either a citizen or legal resident. Same for purchasing real estate w/business. Your best bet may be to either partner with someone having the nec legal status or be financed by the seller himself. |
| Posted by: loanuniverse Dec 17 2004, 08:50 AM |
The E2 is a visa for investors. My guess is that they do not require 100% equity financing, but only the infusion of substantial capital. Maybe some job creation? But I am not an immigration attorney and he needs to talk to one.
HSB? Does that have something to do with Hong Kong - Shangai - Bank? They have a branch a block from my place of work {financial district}, and I have a friend working there. |
| Posted by: Guest Dec 17 2004, 03:50 PM |
Thanks guys
HSB = my initials, I wish I was part of HSBC 
I will ask my immigration attorney next week, it appears as though I can only purchase a business where owner financing is applicable. I only have around $100,000 deposit as the rest I am using to build our new house. It seems difficult to find a business thats of interest to me where I only need to place 100K then owner financing on the rest.
Thanks |
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