Acquiring using only $90k-$150k personal loan

June 13, 2022
by a searcher in Burlington, VT, USA
Hi everybody! Question about financing a deal.
What are the challenges and constraints that I'll face when I'm trying to acquire a business using personal loans/lines of credit that's credit stacked to hit $90-$150k? I'm guessing that I'll be capped on the size of the business I can buy, but I imagine there's all kinds of bumps in the road that I haven't thought of.
FAST FACTS
I have nearly perfect credit score
I don't really have any assets to lose from a personal guarantee, but of course I don't want any adverse impact on my personal credit
from University of Massachusetts Amherst in Boston, MA, USA