Established Contributor
mymy
Posts: 510
Registered: ‎04-20-2007
Re: Business Credit 101
ok, ive read through this thread many times, i am not sure if this is possible, but i am trying to purchase a retail business and could really use some advise..
 
i am in the process of setting up LLC with Legal Zoom, and would like to purchase a existing business, doing business for over 40 years.  I do not have a DB number or score yet.  I would need another 100-140K in Loan (s).  SBA seems to be set up for lending to an already existing business loan applicant (which i am not).
 
i have some small LOC in my personal accounts, however i was wondering about suggestions on specific institutions that i can submit my loan application..using my fico scores?..also any specific websites to source or reference?
 
thanks 
 
TU711 EX669 EQ 701
 
thanks