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Can I qualify a term loan for a business that I recently purchased from the previous owner?

Yes, existing businesses that have prior business history can be eligible for financing with Biz2Credit, as long as the business has been in business at least 6 months and is showing revenue of over $60,000 up to date. Just be sure to have all the necessary documentation, such as previous tax returns, business licenses, and business bank statements covering the period prior to your business acquisition. All applications are subject to review and approval.