The owner of the business (small hotel) I’ve worked for for the past few years is looking to sell. I’m interested.

How hard would it be to get a loan for 270k to put a down payment towards a ‘lease-to-own’ business? I have 30k to put down on the loan. Is a loan like this impossible, do I need investors?

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In total for he business, she wants around 5 million (+ interest), with 300k down and 10 year lease-to-own to pay back the remaining balance.

The business has been around 20+ years and is successful. Last year the net income was just shy of 1 $1million (very good year), but on average is 700k/year.

I’ve owned/operated a VERY VERY small LLC for 2 years, and currently work for the company I want to buy and have worked most of the roles there, but not a manager role. I would be owning/managing it if purchased. I have excellent credit (800+) and have about 30k in government student loans which I am in good standing. I have a Masters degree in STEM, but nothing in a business related field.

I’m currently paid under the table and report a lower income then I actually make.

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Would any lender (maybe through SBA 7a?) lend me money to put a down payment on the business? If not, what variables can I change to make it more likely. If I can put more than 30k is it more likely?

Thanks in advance.

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