Monday, July 23rd 2018

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How to finance a bar?

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11th Dec 2009 by Tom Lindmark

Bars and restaurants are two of the hardest types of business to finance with conventional bank loans due to the high failure rate. If you are buying an existing bar business then talk to the owner about financing the purchase. Many will do so because of the favorable tax treatment of installment sales of businesses and they know it's the only way to sell the business. If you are starting one from the ground-up you will probably need to form some sort of limited partnership or other investment vehicle that pools the funds of some small investors to finance the venture. You can try to get a SBA loan via a bank but even the federal government is wary of these types of loans.

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This answer is the subjective opinion of the writer and not of FinancialAdvisory.com



21st Oct 2009 In Finance 1 Answers | 1135 Views

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