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Updated 7 months ago on .

Sonia Jones's profile image
Sonia Jones's profile image
Sonia Jones
  • Member since Jul 28, 2024
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9
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Sonia Jones's profile image
Sonia Jones's profile image
Sonia Jones
  • Member since Jul 28, 2024
Connect
Sonia Jones
3
Votes |
9
Posts
Buying & Selling Real Estate

Restaurant Financing, what are the terms?

Sonia Jones
Posted

Hello, 

I am looking to buy an operating restaurant and operate it; I have experience. Which of the two, SBA or commercial loan, offers the best terms? I would like to have a minimum down payment. Does my down payment have to come from my business bank account? Should I get a new LLC, or is my current LLC ok to qualify for a business purpose loan for this restaurant?

Seattle, Washington
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