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		<title>Business Loan to buy pre-existing loan</title>
		<link>http://www.startupnation.com/community/orca/topic/Business-Loan-to-buy-pre-existing-loan.htm</link>
		<description>Business Loan to buy pre-existing loan</description>
		<lastBuildDate>Thu, 27 Dec 2007 14:34:32 GMT</lastBuildDate>
		
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				<title><![CDATA[If you were me, how would you go]]></title>
				<link>http://www.startupnation.com/community/orca/topic/Business-Loan-to-buy-pre-existing-loan.htm</link>
				<description><![CDATA[If you were me, how would you go about doing this?&#160; I mean, buying or opening your own resale shop &amp; growing it??
]]></description>
				<pubDate>Thu, 27 Dec 2007 14:34:32 GMT</pubDate>
				<guid>http://www.startupnation.com/community/orca/topic/Business-Loan-to-buy-pre-existing-loan.htm#714612</guid>
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				<title><![CDATA[
  Well, my dad tried getting a]]></title>
				<link>http://www.startupnation.com/community/orca/topic/Business-Loan-to-buy-pre-existing-loan.htm</link>
				<description><![CDATA[
  Well, my dad tried getting an equity loan for his late parents property.&#160; Because he was unemployed for a year, they said no.&#160; No money is owed on this house so it would have been a sure thing or at least it should have been.&#160; ]]></description>
				<pubDate>Thu, 27 Dec 2007 14:34:32 GMT</pubDate>
				<guid>http://www.startupnation.com/community/orca/topic/Business-Loan-to-buy-pre-existing-loan.htm#714611</guid>
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				<title><![CDATA[
  I think it is important to g]]></title>
				<link>http://www.startupnation.com/community/orca/topic/Business-Loan-to-buy-pre-existing-loan.htm</link>
				<description><![CDATA[
  I think it is important to get a handle on the inventory starting with:
  &#160;
  How much of the "price" is for the inventory?
  &#160;
  Then - How much is the inventory worth - is sales dollars?]]></description>
				<pubDate>Thu, 27 Dec 2007 14:34:32 GMT</pubDate>
				<guid>http://www.startupnation.com/community/orca/topic/Business-Loan-to-buy-pre-existing-loan.htm#714610</guid>
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				<title><![CDATA[
  Well, I asked her how she ca]]></title>
				<link>http://www.startupnation.com/community/orca/topic/Business-Loan-to-buy-pre-existing-loan.htm</link>
				<description><![CDATA[
  Well, I asked her how she came up with the price she was asking for the business.&#160; Her response was that she never got a loan or help &amp; that all the money was out of her pocket.&#160; She also said she had never really paid herself, as far ]]></description>
				<pubDate>Thu, 27 Dec 2007 14:34:32 GMT</pubDate>
				<guid>http://www.startupnation.com/community/orca/topic/Business-Loan-to-buy-pre-existing-loan.htm#714609</guid>
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				<title><![CDATA[Crystal118,
I can tell that you]]></title>
				<link>http://www.startupnation.com/community/orca/topic/Business-Loan-to-buy-pre-existing-loan.htm</link>
				<description><![CDATA[Crystal118,
I can tell that you are anxious to "do this".
Did the seller give you any indication as to how she arrived at the price?
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Does&nbsp;the purchase price&nbsp;include any inventory?]]></description>
				<pubDate>Thu, 27 Dec 2007 14:34:32 GMT</pubDate>
				<guid>http://www.startupnation.com/community/orca/topic/Business-Loan-to-buy-pre-existing-loan.htm#714608</guid>
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				<title><![CDATA[
  The name of the store is Mom]]></title>
				<link>http://www.startupnation.com/community/orca/topic/Business-Loan-to-buy-pre-existing-loan.htm</link>
				<description><![CDATA[
  The name of the store is Mommy &amp; Me so I will refer to it as MM.&#160; I finally got a chance to talk with the owner of MM, Candy,&#160;&amp; look over her tax papers.&#160;&#160;The $4000 to $5000 a month is revenue.&#160; She has been open f]]></description>
				<pubDate>Thu, 27 Dec 2007 14:34:32 GMT</pubDate>
				<guid>http://www.startupnation.com/community/orca/topic/Business-Loan-to-buy-pre-existing-loan.htm#714607</guid>
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				<title><![CDATA[Crystal,
You are correct that R]]></title>
				<link>http://www.startupnation.com/community/orca/topic/Business-Loan-to-buy-pre-existing-loan.htm</link>
				<description><![CDATA[Crystal,
You are correct that Revenue is "all" the money the business takes in. 
However, gross profit is the difference between the revenue and the cost of what produced the revenue. (called Cost of Goods Sold or COGS). 
Gross p]]></description>
				<pubDate>Thu, 27 Dec 2007 14:34:32 GMT</pubDate>
				<guid>http://www.startupnation.com/community/orca/topic/Business-Loan-to-buy-pre-existing-loan.htm#714606</guid>
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				<title><![CDATA[Ok, I learning so bare with me.&]]></title>
				<link>http://www.startupnation.com/community/orca/topic/Business-Loan-to-buy-pre-existing-loan.htm</link>
				<description><![CDATA[Ok, I learning so bare with me.&#160; Revenue is all the money a business takes in &amp; gross profit&#160;is the money the business makes, but less the over head and other expenses.&#160; Something like that?&#160; I`m not sure what&#160;the $4000 to $500[...]]]></description>
				<pubDate>Thu, 27 Dec 2007 14:34:32 GMT</pubDate>
				<guid>http://www.startupnation.com/community/orca/topic/Business-Loan-to-buy-pre-existing-loan.htm#714605</guid>
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				<title><![CDATA[Crystal,
If you get a 50,000 lo]]></title>
				<link>http://www.startupnation.com/community/orca/topic/Business-Loan-to-buy-pre-existing-loan.htm</link>
				<description><![CDATA[Crystal,
If you get a 50,000 loan for 5 years at 9% - your monthly payment would be $1037.92.&nbsp; 
The seller says she brings in $4000 - $5000 per month. Is this Revenue or Gross Profit? If it`s revenue then it will be reduced by the C]]></description>
				<pubDate>Thu, 27 Dec 2007 14:34:32 GMT</pubDate>
				<guid>http://www.startupnation.com/community/orca/topic/Business-Loan-to-buy-pre-existing-loan.htm#714604</guid>
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				<title><![CDATA[
  Hello, my name is Crystal &a]]></title>
				<link>http://www.startupnation.com/community/orca/topic/Business-Loan-to-buy-pre-existing-loan.htm</link>
				<description><![CDATA[
  Hello, my name is Crystal &amp; this is my second&#160;post on this forum.&#160; I am very interested in opening my own resale/consignment shop.&#160; I want to specialize in mommy &amp; children clothes because I am a mommy of 3, lol &amp; it`s a]]></description>
				<pubDate>Thu, 27 Dec 2007 14:34:32 GMT</pubDate>
				<guid>http://www.startupnation.com/community/orca/topic/Business-Loan-to-buy-pre-existing-loan.htm#714603</guid>
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