So you’re ready buy a business but you need a little more money. What do you do? One way is to go to the Bank. However, sometimes the best and fastest way is to ask the Seller for a loan.
What You Need to Know About SBA 7(a) Loans by Steve Whitehill If you’re in the market for a small business loan, SBA 7(a) loans are a great option to explore. This particular type of loan is popular among small business owners because the capital lent serves many funding purposes. For […]
Governor Ron DeSantis announced that he has activated the Florida Small Business Emergency Bridge Loan Program to provide support during the COVID-19 pandemic. The Florida Department of Economic Opportunity (DEO), will provide short-term, interest-free loans to small businesses that experienced economic injury from COVID-19. The application period opened March 17, 2020 and […]
For buyers seeking acquisition financing, an SBA 7(a) loan can be a fantastic tool. Relative to conventional loans that typically require down payments of 30% or more, buyers utilizing SBA loans can make a down payment of 10-25% (more on this later), and obtain a low fixed rate (a small amount […]
Finding the money to start your own small business can be a challenge. Over the decades, countless people have turned to the Small Business Administration (SBA) for help. A recent Inc. Magazine article, “Kickstart Your Business Dreams with SBA Lending,” by BizBuySell President, Bob House, explored how SBA lending can be […]
Here’s a quick review of the most popular ways businesses get financed: Savings The first and most obvious option is to look at your (non-retirement) savings. If you have mutual funds and other liquid investments, you can liquidate (taxes will be incurred) and apply towards your franchise. Many people feel more secure investing in […]