D
dogboy
Guest
Greetings,
I 'm considering purchasing a deli. I will need a small business loan for about 100k in order to pull off this transaction. My problem is a large portion of the sales have been cash transactions not reported for sales tax purposes. The deli appears to do more business than is accounted for. How can I convince my bank that the loan will be a good based on what appears on the books for the business. Can I use this to negotiate a better price with the deli?
I'm not sure if this is the most appropriate forum, but any advice would be appreciated.
Regards,
Dogboy
I 'm considering purchasing a deli. I will need a small business loan for about 100k in order to pull off this transaction. My problem is a large portion of the sales have been cash transactions not reported for sales tax purposes. The deli appears to do more business than is accounted for. How can I convince my bank that the loan will be a good based on what appears on the books for the business. Can I use this to negotiate a better price with the deli?
I'm not sure if this is the most appropriate forum, but any advice would be appreciated.
Regards,
Dogboy