I am the CEO and founder of a small homecare business called Preferred Care Services. I am trying to acquire a turnkey-home care business worth $1.1M. I was introduced to a financial services firm in Atlanta that claims to specialize in EB-5 financing. They said they could help me finance the acquisition with no money out of pocket, provided I created 10 new jobs. The total cost of the service with my equity is about $130K, and we can close in 3 months. Is this a scam or a reality? Can a US-based business take part in EB-5 financing?
Answers
Lynne Feldman
EB-5 Immigration attorneysYes, it is possible but I suggest you get a lot more information before going down this road.
Bernard P Wolfsdorf
EB-5 Immigration attorneysIt’s not possible to advise without knowing who the entity is, but it is possible for a US-based business to take part in EB-5 financing.
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