I would like to buy a large business that cash flows but I need a lot of money to buy it, where do I start? I could leverage my house?
I’ll cover half of the non-SBA if you match with “first out” assets for me
Do you have any money or experience?
Others are quick to judge here so Ill refrain since I dont know anything about you. Another broker has covered the SBA part. Traditional financing is another although it will be hard to find a bank willing to do any commercial lending like this without going SBA route. An alternate method is finding a private or group of private investors. Surprisingly there are actually a lot of investors on Twitter actively looking for deals. They have formed their own little community and I know people who were successful securing funding this route. Look for tweets talking about ReTwit, LP, GP and you will find the community of people. Maybe you can find money there…its unconventional, but we live in an unconventional world, and buying a business really has no rules so anything goes.
I like alternatives. I would definitely consider it. What rates are private lenders offering?
If you don’t have money to buy that kind of business - then you don’t need it IMO