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Buyers Take a New Look at Vendor Financing to Get Deals Done
January 2nd, 2009
With the collapse and freezing of world credit markets, even the largest corporations are having difficulty getting credit, maintaining existing lines of credit and finding alternative ways of financing new projects. For those looking to become entrepreneurs by buying a business, the problems are even more troublesome. Many deals simply aren't getting done because lines of credit are "frozen" or simply don't exist. As a result, many would-be entrepreneurs are turning to vendor financing to complete deals and pave the way to pursue their entrepreneurial goals. "Current credit conditions have created an environment that forces...
Source: Health Business Week (2009-01-02)
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