We have begun to explore financing options for purchasing a B&B..(after we sell ours).
It's funny how lenders "run" at the mention of a B&B!! Some don't even bother to call you back! And if they do and you mention you'd like to 'start up' a B&B THEN they REALLY run! even tho we have experience! (yes, we found a place and it'd be perfect with a few modifications, and its currently empty. We started this one up, so we know whats involved).
Not one has taken an application yet, not one!! It's SOOO weird! I knew it'd be difficult, but Really???
I have spoken with two Representatives from the SBA who should supposedly help you with a business loan... yeah.. NOT! They are all about loaning for business... until you mention those two evil letters!
It's the weirdest thing ever! You'd think we were trying to bring some evil enemy into the country to start a business!
It's funny how lenders "run" at the mention of a B&B!! Some don't even bother to call you back! And if they do and you mention you'd like to 'start up' a B&B THEN they REALLY run! even tho we have experience! (yes, we found a place and it'd be perfect with a few modifications, and its currently empty. We started this one up, so we know whats involved).
Not one has taken an application yet, not one!! It's SOOO weird! I knew it'd be difficult, but Really???
I have spoken with two Representatives from the SBA who should supposedly help you with a business loan... yeah.. NOT! They are all about loaning for business... until you mention those two evil letters!
It's the weirdest thing ever! You'd think we were trying to bring some evil enemy into the country to start a business!