Board Topic: Want to buy US Businesss / Loan + E2 Visa
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Want to buy US Businesss / Loan + E2 Visa

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.

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 wink.gif

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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