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Updated 6 months ago,
Restaurant Financing, what are the terms?
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?