is it possible to get a buisness loan to buy a small bowling alley with no money down and no collateral?

Kevin, commercial loans are not the same as residential. The collateral is the property itself, so you need to look for property that includes both the building and business. The SBA, as noted already by others, is a good option to talk to. In many traditional commercial financing transactions, the Seller may be able to carry a 2nd Mortgage, but the usual down payment for your "skin in the game" is 10%. You should focus on making sure your credit score is as high as possible and build up your cash reserves and/or find someone to work as a partner or other entity where they can help with the cash needed, assuming you may be running the business. There should be a mutual benefit for any partnership to work! If I can help in any way, please let me know. Thank you!

Unfortunately, there would need to be a contribution from the buyer. SBA is very generous to small businesses but they do need to protect their investment. Feel free to call me. Let's discuss the scenario.Sharon7th Level Mortgage732 606 6264

No. SBA minimum 10% down

The other answers already listed are correct however, with no cash you need to think outside the box. One option might be to lease the business with an option to buy down the road. Another option might be to find a seller that is will to carry the purchase on a contract for deed with either no downpayment, a delayed downpayment or incremental downpayments. For operating capital you may need to look at a home equity loan, relatives or a possible partner. Good luck!

It is possible to get a business loan but you will need to put usually a minimum of 10% into the project.Call us or email us at 201-962-3555 or Team@BestMortgageOption.com for ano cost no obligation analysis of your situation.Ask for Michelle or Benny We will find the Best Mortgage Option to suit your needs!You can check us out at www.BestMortgageOption.com

Hi Kevin,Just wanted to follow up to see if you've made any progress per our conversation yesterday. Please keep me posted offline! Thank you!