Looking to buy my employers business, help!

bestfuzz

thanks everyone, you've been really helpful. I've got a few more telephone appointments with banks next week to see if anyone is even lending, I'll update if anything happens

jonesMUFCforever

bestfuzz said:

thanks everyone, you've been really helpful. I've got a few more telephone appointments with banks next week to see if anyone is even lending, I'll update if anything happens

If you are speaking to banks make sure it is a business advisor that you speak to not a personal account one - you cannot use a personal loan to fund a business.

oz0707

If they are struggling to sell that bad surely some deal can be arranged where you pay 500/1000 per month to the retiring owner with a view to owning completely in 'x' number of months?