How can I know if I qualify for a loan to purchase an inn?

A prequalification involves the review of a loan application and supporting documentation and is comprised of data and documentation for the buyer/s and quite often a property that is of particular interest. The buyer/s must have adequate capital, credit, and credentials, and the property in question (PIQ) must be able to support the desired level of debt; the Prequalification process is most useful to evaluate the buyer/s price range before the search begins of course but may be employed to evaluate the feasibility of an acquisition.

 

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