Business For Sale Owner Financing
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Who gives business loans
By John Williams
The most common type of lender is the commercial bank, credit union, savings and loan companies, or investment companies. These lenders offer business loans, however, often times these loans must be secured. This could mean offering up your personal assets as collateral.
Although the business is yours to do with what you want, these loans are very risky to any unestablished business. And that's assuming you qualify. Unsecured loans, usually less than $100,000, are available to business owners based upon his or her personal credit history.
Commercial banks may also request that a business have a co-signer or guarantor. This may mean finding a financial partner or checking into the vario...
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