Lending still remains tight for business buyers, but the banks are still
listening and funding good businesses. Today the lending is
focused on the new company's capability of repaying the debt. In
the past, a strong buyer could use their assets as collateral for a
business purchase. But this is becoming more difficult.
The key to making a deal happen is a good combination of cash flow,
seller financing, buyer experience and buyer credit rating.
We have good working relations with several banks and can help you in
the lending process.
Most banks use SBA (Small Business Administration) requirements for new
business loans. This is because the SBA helps guarantee a portion
of the loan. For more information on SBA lending, click here.
