Business Financing Merchant Cash Advance Guide
This business financing merchant cash advance guide shows the items that you will need to prepare if you are planning to get loan from financial institution when you buy it. Getting financing can be easier with knowledge about the merchant cash advance financing and with complete preparation of documents and statements in process of buying a business.
Step 1. Find a Business for sale at BusiMarket site for merchant cash advance businesses for sale and commercial property for sale on the market. As soon as a property is found, make any necessary contacts to merchant cash advance sellers.
Step 2. Get Purchase and Sale Agreement Get the sale agreement from Brokers, attorneys, or Escrow companies.
Step 3. Find a LenderFind a Loan Officer that will take care of your financing needs.
Step 4. Prepare Required Documents - Purchase and Sale Agreement for the merchant cash advance Business or Commercial Property, - Personal Financial Statement provided by the lender, - Income tax returns from both buyer and seller from the last three years - an up-to-date income statement, - Resume from the buyer, - Lease Agreement(if applies), - Assignment for Lease (if applies),
Step 5. Finally, wait for the loan approval (usually takes 2-4 weeks)
Since the merchant cash advance financing process can be different on type of business, location, and buyer's situation. The information above is for information only and BusiMarket.com does not guarantee accuracy of merchant cash advance information.
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Posted on: August 9, 2011 01:32 AM