getting money to buy that business

Forbes Magazine, several months ago, had an overview of how entrepreneurs can get money. http://money.cnn.com/2008/02/05/smbusiness/bank_loan.fsb/

More to the point here, the article mentions a Southern California startup, iBank.com,  with a clever idea:  you — as the entrepreneur — fill out paperwork that makes the case for your wanting a loan to purchase a company — and that information is ‘shopped around’ to various lenders.  In theory, this helps save you time, and money, and — the claim goes — gets you a great deal.

If all this seems familiar, a few years back there was a company with the seductive tag-line of “when lenders compete, you win!”.  Lending Tree was the company and the blush of enthusiasm over their actual performance has long passed.

That said, it’s an idea that _should_ work.

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