When buying anything of high value and significant importance, it’s necessary to learn value. This takes a period of time of looking at and evaluating similar businesses. Once this process has been completed, it makes sense to start making some offers. Experienced...
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....
Once you have established a fair market value for your business based on your local market, the next step is validating the price to meet SBA Loan Guarantee requirements. This is done in part by calculating what the total package will cost, including the buyer’s...
Once you have established a fair market value for your business based on your local market, the next step is validating the price to meet SBA Loan Guarantee requirements. This is done in part by calculating what the total package will cost, including the buyer’s...
Two top items a bank will want to see to consider before granting a business loan to your buyer is that the sales and cash flow trend are steady or growing, and that no one customer represents more than 10% of total sales. If there is a sales decline with a reasonable...
Statically, the average time range is eight to 10 months. Some of the factors that can reduce or increase this time frame are: When most business buyers filter opportunities they are considering, the factors they weigh are typically the geographic location, type of...
