Unless a potential buyer has overwhelming financial strength, an SBA loan guarantee will be needed to secure long-term financing. To prevent losing momentum in the sales process and having the potential transaction blow up with a failed attempt, being successful with...
For the seller to get all cash at closing, having the business qualify for bank financing is the most common technique. To qualify for a bank loan, you have to assure the bank that there is sufficient profit to repay the loan and pay the buyer a reasonable salary....
For the seller to get all cash at closing, having the business qualify for bank financing is the most common technique. To qualify for a bank loan, you have to assure the bank that there is sufficient profit to repay the loan and pay the buyer a reasonable salary....
Banks will look at the last federal tax return to validate the profits of the company. This means that, as you approach the time to put your business on the market, preparation is essential. At year-end is not the time to start this process – you have to start as...
