Regardless the reason, there are a number of benefits to doing this, for example:
1) No more worry about anyone else affecting the reputation of the business!
2) You have total control and say over your business!
3) No longer have to share the profits of your business!
Depending upon the type of business and your financial strength, you may have several options available to you to finance the buyout. The first being use your own funds, not many businesses have sufficient funds available. A bank loan, this can take any where from 45 to 60 days, require enormous amount of financial documents and sufficient collateral, and then there is the merchant cash advance. Simple one page application, few supporting documents and a 24 hour decision, if approved, funding normally within 3 - 7 business days.
If you need funds to buy out your partner(s), or expand your business, buy inventory or do a marketing campaign, please give me a call to discuss your options and allow me to get the funds you need.
We can do loans NATIONWIDE
Call me Mike @ (808) 259-1635 or
Email: michael@merchantbankingresources.com
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