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Need financing to buy an existing business in Oklahoma? |
My husband and I would like to buy an existing bar(nightclub) that is for sale, we are having problems finding financing to purchase it. The main problem we keep running into is we filed bankrupcy because previous marrages we were in messed up our credit. Our bankrupcy has been discharged. The current owner is selling the business because of his health. The bar(nightclub) is very profitable. The current owner is asking $423,500 for the business and it appraises at $459,000, The owner is willing to carry the down for the business. The SBA will not touch us nor will any banks. Any suggestions would be great ASAP. Thanks in advance. you are up the creek without the paddle. |
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