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Tag Archives: loan to buy a business
The most frequently asked question by individuals who are considering buying a business and answers by William Bruce, President, American Business Brokers Association. Continue reading →
Except for the SBA 7(a) program, banks generally do not make loans to individuals to buy a business. This statement will surprise a lot of people. Most people will think first of a conventional bank loan when seeking financing to … Continue reading →
By William Bruce It’s well known that some types of small to medium size businesses are more likely to receive SBA loans than others. We are indebted to George Heaslip, “The Loan Professor” for the following ranking. George is an independent … Continue reading →
Previous articles have discussed the importance of having a good reason for selling your business, getting the business ready for sale, setting the right asking price, and taking your business to market. In this article, we will talk about the question … Continue reading →
For the last five years there is no question that financing has been the most difficult step in the process of buying a business. With the collapse of the financial markets in 2007, traditional sources of funding pretty much dried up. But now there is a light at the end of the tunnel. Continue reading →