SBA financing can help buyers purchase bigger businesses
When helping clients buy a business with traditional seller financing, they typically are able to buy a business that is worth two-and-a-half to three times the amount of money that they have to put forth as a down payment. Hence, a buyer who has $100,000 cash to invest would likely be able to buy a business earning $100,000 annually which would sell for around $275,000. However, there are ways for the buyer to leverage their investment funds even further with the help of the U.S. Small Business Administration. SBA has a 7(a) loan program that has been meeting the borrowing needs of businesses for almost five decades. Read more:
Technorati Tags: Small Business Administration, Reno Gazette-Journal, NCET, Nevada’s Center for Entrepreneurship and Technology
…