My Father and I are looking to open a 7-11 Franchise. We don't have the total amout needed, what are your ideas, Silent Investors , etc????

Asked by Tyler6305, Richmond, VA Sun Nov 7, 2010

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Suzanne MacDowell’s answer
Suzanne MacD…, Agent, Succasunna, NJ
Sun Nov 7, 2010
Get in touch with your local Small Business Administration. They may be able to point you to a lender that offers SBA loans. You should be OK as long as you have some collateral, not necessarily cash, but something to back the loan. That could be in the form of an IRA, 401K, home equity. There are many creative says to find the collateral. SBA is your best source of information when purchasing a business.
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