What Happens When Seller Financing Goes Bad? - Short Answer: Everyone Loses
Question:I was wondering if in one of your newsletters you can address more detail on seller financing. More specifically, what typically happens if the new owner is late on paymenContinue Reading >
Determining How Much Business You Can Afford - Exploring SBA Financing Options
Question:I am interested in buying a business that is for sale for $2 million, with annual earnings of $500k. I am planning to use $500k in home equity for the purchase, but the seContinue Reading >
How To Finance Goodwill? - Other Than Seller Notes, What Options Are Available For Financing Goodwil
Question:What options are available for financing "goodwill", other than seller notes? How do you finance the business' non-tangible assets?Answer:In many cases of small business aContinue Reading >
Should Buyer Use Home Equity To Buy A Business? - Buyer's Wife Is Apprehensive About Mortgaging Hous
Question:I have found what I believe to be a wonderful business but there's one problem: I really do not have the necessary money for the down payment. The asking price is $650,000Continue Reading >
Will Seller Financing Be Second Lien Holder To SBA Loan?
Question: I have a business financing question. Let's say I want to buy a business that has a sales price of $230,000. The seller is offering seller financing of $130,000, thus allContinue Reading >
Does SBA Look Favorably On Industry Experience?
Question:I have worked in the childcare industry for many years. I am now interested in purchasing a day care center. I have found a center I wish to purchase in another state. BecContinue Reading >