
I am thinking of buying an existing business. So I have a couple of questions.I am based in South Africa so all my amounts are in Rands.I have about R1,000,000 in cash.I can refinance my house for around R3,000,000.I am not sure what size business loan I would be able to secure.So my question is this:Realistically what kind of price would I be able to afford?How realistic is it to expect the seller to finance part of the deal that could then be repaid from the profits?I know this is an open ended question, but how much cash would I then typically need extra as working capital?Lets say I am trying to buy a business for around R4,500,000, but the stock is a separate R3,000,000. Would I be able to secure a business loan for the stock amount where the stock is the security?Thanks in advance for the help! see hubwealthy.com/wealthy






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