Posted on: 26th Aug, 2009 01:12 pm
starting a restaurant requires $100,000 liquid assets. If i have 50k cash in the bank and a 50k small business loan would that = 100k liquid assets? I guess my question is, can a business loan qualify as liquid assets?
who is requiring the $50K? is there yet another lender that is involved, or is it the lender giving you the $50K loan?
no matter...a loan is not considered a liquid asset, truly.
no matter...a loan is not considered a liquid asset, truly.
George
He may be buying into a franchise. They often have liquid asset requirements to be sure you can afford the franchise fee and start up costs.
Lets wait for his response
He may be buying into a franchise. They often have liquid asset requirements to be sure you can afford the franchise fee and start up costs.
Lets wait for his response
