I'm interested in buying a restaurant with a fifteen year track record for $1.5M. It has annual sales of two million and a cash flow of $350K. How much of a down payment will a bank require?
Each bank has its own lending criteria based on its market and its appetite for risk. You'll have to shop your business proposal to a few banks in your area to find out whether a lender thinks you might have a recipe for success, and how much equity will have to be included in the deal.
BankingQuestions.com is a free service made possible by the generous support of our advertisers. Advertisers are not responsible for site content. Please help us keep BankingQuestions.com FREE by supporting our advertisers. When you see an ad for a product or service you may have an interest in, click through to learn more.
Accounts
Article
Q&A
Podcast
Video
Blog
Discussions
PDF
Powerpoint
Each bank has its own lending criteria based on its market and its appetite for risk. You'll have to shop your business proposal to a few banks in your area to find out whether a lender thinks you might have a recipe for success, and how much equity will have to be included in the deal.
