Loans for business. Buying a ready business

Seemingly ready operating business - it is something tangible that can be estimated by touch and counted. However, many banks are categorically do not want to give out loans to buy a business, which can be explained quite simply. While ready-made business belongs to another person, provide the bank an important and necessary for assessing business risks and the documentation is almost impossible. And if the risk is not assessed, it is equivalent to issuing a large sum of money to the first comer, which the bank will never do.



And if you provide collateral?
Bank still fails, because the whole property and equipment owned and decorated to a business owner. Moreover, there is no guarantee that the business thriving and revenue under the leadership of one man, will be even more successful and under new management.
However, buying a business loan - it is a reality, not a dream. There are 2 options to do that:
Apply for credit brokers.
To negotiate with the bank itself.
Consider both options:
1) Appeal to the credit brokers.
Credit brokers always have a good reputation and credit to them, most likely, will be issued. There will not be a headache, which is associated with the paperwork and negotiations with the bank, but will be a solid amount overpaid for services. Also, not all mortgage brokers, as well as banks, want to work with you.
2) The negotiations with the bank.
This method can be successful, but with a very low probability. It will be easier to find workarounds to get the funds, for example:
Making more conventional loans in several banks.
For mortgage loans.
Investment lending.
Workarounds.
1) Take a few credits.
Here everything is quite simple. If you have a good credit history, have their own savings, as well as relatives and friends, which further help with money, then get an additional several loans, you can get the required amount. However, it is necessary to calculate profit business. Can you then pay these debts?
2) Mortgage Lending.
It is not necessary to inform the bank about buying a business. You can just take a mortgage loan to buy commercial real estate, which is sold with the business. Thus, most of the money for the purchase of the business will be found.
3) Investment lending.
If you provide a good project development business that you wish to purchase, giving it their own, we can offer the bank to participate in this not as a lender, but as an investor. This is interesting for many banks, but you must have an initial capital of 20% -50%, which can also be obtained on credit and liquid collateral (property purchased business).
In general, get a loan to buy a business today can, however, only a roundabout way at the moment. The main thing to have confidence in their own ability and the purpose of development and profit from the acquired business.