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

searcher profile

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

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commentor profile
Reply by a professional
from University of Massachusetts Amherst in Boston, MA, USA
Hi, we help ETA entrepreneurs secure funding for their searches. We can potentially help you out with funding. Could you fill up this form: https://form.jotform.com/ridethewave/funding-ally, and please text###-###-#### or email redacted and I can see if we can help you out.
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