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Acquiring Existing business Australia

Idea threads

muz092

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Jul 12, 2022
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hey Everyone, I've recently read MFL & Rat-Race. I have been on the journey/ path to buying an existing business as I could potentially move into positive cashflow position day one & cut out some of the Start-Up time.

As I'm learning more about business finance in Australia it is becoming harder to achieve the loan I would require to complete a deal. Example: they will essentially only lend me my home Equity or other banks are 50% Down. they wont Lend against business profit or expected cashflow.

( Australia doesn't have SBA Loans or high LVR for business loans).

Has anyone got further funding Tips or experiences with start up funding in Australia ?

Thanks in advance
 
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FIFL

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Speedway Pass
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Feb 17, 2015
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cash, banks/nbfi's, investors, vendor finance.

Don't think we have any of the convenient options like the yanks do unfortunately
 

muz092

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Jul 12, 2022
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cash, banks/nbfi's, investors, vendor finance.

Don't think we have any of the convenient options like the yanks do unfortunately
Thanks for the reply Australia is a one trick pony banks only like housing
 

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