How can someone who has a bankruptcy on their record get a loan to buy a successful business?

I made a difficult decision to file for bankruptcy about 4 years ago. I regret it, but can’t change it. I want to purchase a moderately successful business. I need about $140,000 to complete the deal. I have $0 in assets or equity. I know some people, but I would rather not rely on family or friends in case something unforeseen happens and the business goes under. The business currently makes about $120,000 in net profits each year. I personally know the sellers and they have owned the place for 5 years. They are just tired of the type of work. I have been toying with the idea of opening my own business similar to this anyway, so it makes sense to just buy one that is already going and working. What are my options? I know someone out there has the knowledge I’m seeking. Please don’t just say "bank". I know banks are an options, but specifics would be more appreciated.

Tags:

• bankcrupt 4 years ago can i get a loan now?
• best loans to get with bankruptcy on record
• can I get housing assistance with a bankruptcy on record
• How can I get a loan with bankruptcy on my record?
• how do i buy someone out of their business
• i am broke and a discharged bankrupt what business options are available to me
• i have been bankrupt a year ago but i cant seem to get credit or a car

Related posts:

1. Bankruptcy Business Records? We have a small company getting ready to file bankruptcy and have been in business 20 + years. Can you tell me how long and what records we need to hold onto....
2. How to find bankruptcy court records? For my business class, we were given the assignment to find various bankruptcy court records using only online means. Since this is my first business class in years, I am not familiar with searching up such things on the internet. … Continue reading →...
3. What kind of home loan interest rate could I get with a bankruptcy on my record? I have a chapter 7 bankruptcy on my record from 2003, but I have no debt and a credit score of about 700. And I have $20,000 for a down payment. If I got a home loan, would the bankruptcy … Continue reading →...
4. Can I buy a house with a foreclosure and bankruptcy on my credit record, but can afford to put 30k down? Two years ago my house went into foreclosure. I was engaged at the time and put her name on the house also. When we broke up she wouldn’t talk to me about options on selling, so instead she left her … Continue reading →...
5. What jobs would having a bankruptcy on my record exclude me from? I am filing for bankruptcy, and I have been unemployed for a couple months. What jobs would I be excluded from (in the US) with the bankruptcy on my credit report for the next 7 years? If it won’t effect … Continue reading →...
6. Where do you find bankruptcy record information? I had to declare bankruptcy a little over two years ago and am totally trying to get my credit back in order. I keep trying to get credit cards or any lines of credit for that matter, but to no … Continue reading →...
7. Where do you find bankruptcy record information? I had to declare bankruptcy a little over two years ago and am totally trying to get my credit back in order. I keep trying to get credit cards or any lines of credit for that matter, but to no … Continue reading →...
8. Where do you find bankruptcy record information? I had to declare bankruptcy a little over two years ago and am totally trying to get my credit back in order. I keep trying to get credit cards or any lines of credit for that matter, but to no … Continue reading →...
9. If Obama is doing such a great job with the economy then why are persona bankruptcy filings at record highs? Consumer bankruptcies topped one million for the first nine months of this year, the highest point since the system was overhauled in 2005. The number of personal bankruptcy filings for the nine months rose to 1,046,449 as of Sept. 30, … Continue reading →...
10. how long does it take for bankruptcy to fall off your record? specific please? How long does it take for bankruptcy to fall off of your record? * 41 minutes ago * – 1 week left to answer. Additional Details 8 seconds ago ok, allow me to alter my question: what does "7-10" years … Continue reading →...
11. When you see "suggestion of bankruptcy" on record w/the clerk of courts office what does this mean? When you see "suggestion of bankruptcy" on record w/the clerk of courts office what does this mean? Does it mean that the person has filed bankruptcy or that they have sent a letter of intent to file bankruptcy? Tags:colorado suggestion … Continue reading →...
12. with bankruptcy in the record how or where can I finance a 160.000 dollars truck.? the bankruptcy was discharged 2 years ago....
13. I filed chapter 7 bankruptcy in 08/2001 in Arizona when it came off your record in 6 yrs. Is that still valid? I thought the new bankruptcy laws affected my bankruptcy, buttalked to a tax attorney and he said that it should be off my record. Does anyone know? Tags:bankrupancy going off record arizonabankruptcyhow can i get apartment when i filed bankruptcyhow … Continue reading →...
14. If an employers asks if you ever filed bankruptcy & it was 10 years ago & no longer on record how to answer? There is no record after 10 years so why should I tell a potential employer that I once filed bankruptcy? It doesn’t show after 10 years. It doesn’t show as discharged. It just doesn’t show period. Tags:If bankruptcy is off … Continue reading →...
15. marrying someone with a bankruptcy on their record? my mom is getting married, and her fiance has had a bankruptcy like 3 years ago. She’s worried it would affect her getting school loans in the future. Does it? Tags:marrying some who is bankr...
16. How long does it takes for a bankruptcy chapter 7 to be off the records? bankruptcy filed in 2003. Thank you. If it never gets off the record..will that affect for example…to rent an apartment after 5 years? Thank you....
17. I need a personal loan but have bankruptcy on record where do I get help? My bankruptcy’s discharged and I have filed for divorce, now that is over and I need help with catching up my bills and need a car. I am a single mom and work plus I attend college for my assoc. … Continue reading →...
18. I live in Canada, I claimed personal bankruptcy, its been almost 6 years, will it still show on my record…? after the 7 years? I don’t think you understand my question, I am saying after I served the 7 year bad credit record (bankruptcy) will it clear ( not show that I ever went bankrupt) Tags:bankrupcy bc canada clear credit … Continue reading →...
19. Can I take out a private student loan with a co-signer if I have a bankruptcy on my record? Tags:can i apply for loan now i have my bankrupcy certificatecan i get a student loan with a bankruptcy on my recordwhere can I find student loan with cosigner bankruptcy record...
20. Will my credit score go up once my bankruptcy comes off my record? I filled for bankruptcy 9 1/2 years ago and have a few months left before it comes off my record. I have reestablished my credit since then and it is in good standing. Will my credit score go higher once … Continue reading →...