“Pre-qualification letter” for buyers to receive financials

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by a lender from Ohio State University
in Columbus, OH, USA

1yr ago

“Pre-qualification letter” for buyers to receive financials

I’ve talked to A LOT of searchers lately who have been asked to provide a personal “pre-qualification letter” from a bank in order to receive financials on a business. If you are in this boat or know someone who is, please reach out and I can help you with this request. Send me a message on here or email me redacted

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reply by a searcher 1yr ago
from The University of Chicago in Hoboken, NJ, USA

^redacted‌ is the guy. It's hilarious what some of the intermediaries need! Nick provided me with one.

reply by a professional 1yr ago
from University of Southern California in North Palm Beach, FL, USA

Actuality, most people knowledgeable, such as brokers, know these prequalification letters are nonsense. What matters is the cash a potential buyer can show brokers, and sellers, and lenders, upfront, that they intend to use as a down payment.