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How much cash and collateral would be required for a loan to buy a well-established business for a half million dollars?
Wiki User
∙ 15y ago
YOU NEED (BALLPARK) 100K OF YOUR OWN CAPITAL (MEANING NOT BORROWED FROM THE BANK Capital) and you need the business' financial documents to prove that past revenue is about 3 times that loan payment
Wiki User
∙ 15y ago
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