SBA Backed Loans can be an option for financing a business purchase. Thanks to the U.S. Small Business Administration Loan Guarantee Program, favorable financing terms are available to business buyers. Similar to the terms of typical seller financing, SBA loans have long amortization periods (ten years), and up to 70 percent financing (more than usually…
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Business Purchase Financing: SBA Backed Loans
Wednesday, March 23rd, 2016
Business Purchase Financing: Venture Capitalists
Wednesday, March 23rd, 2016If you are looking to finance your business purchase through investors, venture capitalists are an option. Venture capitalists have become more eager players in the financing of independent businesses. Previously known for going after the high-risk, high-profile brand-new business, they are becoming increasingly interested in established, existing entities. This is not to say that outside…
Business Purchase Financing: Seller Financing
Wednesday, March 23rd, 2016Seller financing is perhaps one of the simplest–and best–ways to finance the acquisition of a business. This means that the business buyer works hand-in-hand with the seller. The seller’s willingness to participate will be influenced by his or her own requirements: tax considerations as well as cash needs. In some instances, sellers are virtually forced to…
Seller FAQs: The Closing Process
Wednesday, March 16th, 2016After receiving a Letter of Intent or Offer to Purchase, the closing process can begin. Closing a business is a complicated process and involves several types of paperwork. Many Business experts recommend working with a professional closing organization and a professional closing officer. While you will only sell your business once, a closing organization handles…
Seller FAQs: Owner Financing
Monday, March 14th, 2016The first logical question is what is owner financing? In the most basic terms, Owner financing is a loan given to a Business Buyer that comes from the revenues of the business. The rest of the purchase price is covered by the Buyers down payment and other financing. While not always necessary, the majority of…
Seller FAQs: Time
Monday, March 14th, 2016Business owners are often looking to sell there business in the shortest amount of time possible. Because the sale of businesses is often compared to real estate sales, the expectation is often that the business will sell within a 30-60 day time frame. This is not an accurate expectation, and thus, it can take much…
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Gateway’s brokers are always willing to assist business owners and prospective business buyers with education, resources, and guidance through the process of buying and selling businesses. We are here to answer any questions to make the selling & buying process a smooth transition. Call or Email for a free consultation.