Like many things in life, successfully getting a business loan depends on the extent of your preparation for presenting your request to a lender.
Qualifying to Buy a Business
When you buy a business you are buying a history. When you start a business you are buying speculation. Most of the time, buying a business will cost you less.
In preparing to buy a business, make sure you have a solid written story of your capabilities to own and operate a business; the Seller and lender have to buy you.
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