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Want to buy an existing business, how much value from the business will be collateral.
Hello, I have been looking into buying or starting a business. I have about $100,000 equity in my home, $20,000 cash and $30,000 in a retirement account. If I were to go to a bank an seek a SBA loan to purchase an existing business, how much collateral from the existing business could be used...- Ross Kimball
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- Forum: General Business Discussion
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