Licensed Lenders: Information and Resources
dfs.ny.gov
Licensed Lenders: Information and Resources
Ask your attorney about usury laws and licensing requirements in your state (for example, in California you need to obtain a state lender’s license) and be sure your practices are in compliance. If your attorney doesn’t know the answers to these important matters, get a referral to one who does.
Banks offer loans to buyers for up to 90 percent of the purchase price, using the assets of the business as collateral.