Where can I obtain a support letter in lieu of Proof of Funds?

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January 24, 2020

by a searcher from Eastern University in Atlanta, GA, USA

I have a seller who won't release the financials until he receives proof of funds. Where can I obtain a support letter? Thanks in advance.

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commentor profile
Reply by an intermediary
from Harvard University in Nashville, TN, USA
But even if you had a lender letter, it's not likely you'll have 100% of the deal bank financed. What a seller really wants to see is that you, the buyer, have access to equity that can be leveraged with bank financing. If you don't have equity and proof thereof, find a new career. Sorry, that's harsh but true.
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Reply by a searcher
from University of Vermont in New York, NY, USA
SearchfundersSupportLetters.com, where else? (Such a letter is very low risk for the writer, so reach out to anyone you know who could be an equity investor in your deals and ask them.)
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