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Business Loans As a Foreigner

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Joined: Sat, 19 Apr 2014 2:38 pm

Business Loans As a Foreigner

Post by AllBiz » Mon, 14 Jul 2014 1:44 am

Hello, I have some experience on small-scale buyouts for businesses with earnings under $1 million in the US (I'm a US citizen). I'm thinking of doing the same in Singapore.

Of course the critical question is, will I be able to obtain financing?

Usually the seller wants 25% down and carries back 75% as seller financing over 5 to 7 years.

The down payment is not an issue, but cashing the seller out after 5 to 7 years usually requires a refinance.

If anyone's had experience applying for refinancing especially as a foreigner, I'd love to hear about your experience, thank you.

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