Introduction The decision to sell a business often comes with significant financial and emotional considerations. To attract the right buyers and secure the best deal, especially when financing is involved, sellers must present a financially sound and transparent picture. This guide focuses on financial preparedness, drawing from various resources and ...
When you’re looking to finance a business acquisition, you’ve got two solid paths: an SBA loan or a conventional loan. Each has its own vibe—different costs, timelines, and rules—so picking the right one depends on your situation. To give you a clear picture, let’s use a $5 million acquisition over ...
So, you’ve just gone under a Letter of Intent (LOI)—congrats! That’s a big step toward acquiring a business. But then we hit you with a laundry list of documents to provide, and you might be thinking, “Whoa, what’s all this for?” Don’t worry—we’re not trying to drown you in paperwork ...
If you’ve recently reached out to us, you might be wondering: Why do we need a premium Experian credit report and a personal financial statement? We’ve been hearing this question a lot lately, and we get it—sharing personal financial details can feel like a big ask. But there’s a method ...
Navigating the SBA Minefield: The Risks of Acquiring a Business with an SBA Loan Acquiring a small to medium-sized business (SMB) can feel like stepping into a ready-made success story—complete with customers, revenue, and a foundation to build upon. For many aspiring entrepreneurs, the Small Business Administration’s (SBA) 7(a) loan ...