Updated over 9 years ago on . Most recent reply
Loans for a brewery buy-out
Hello there BP fans. I have a question I'm trying to figure out and can't quite wrap my brain around how to accomplish what I need. I have been approached by a friend who owns a brewery. His current partners want to get bought out to invest in other things. My friend approached me to see if I wanted to buy them out. I think the buyout amount will be around 120-160k, and then I will have to assume the current debt on the business along with my friend. I have about 60k cash that I could put down, but how does a person get a loan for the remaining balance? What kind of collateral is used if there is already a mortgage on the building and all brewery equipment? FYI the brewery is kicking butt, so it's not a suffering business or anything like that.