The most common sources of financing to buy a business for sale are from personal savings and seller financing. Depending on the business, there may also be the option of using an SBA loan for a portion of the purchase price.
Beyond that, however, there are many more ways to help buyers and sellers put the deal together, including:
- Home equity loans
- Retirement account funds (with no penalty withdrawal methods)
- Friend and family loans
- Parnter funds or cosigning
- SBA Small Business Loans
- Assumption of seller debt
- Vendor financing
- Equipment Leasing
- Accounts Receivable financing
- Inventory sell down
- and so on...
We can work with you and the seller to come up with best financing arrangements for all concerned. We can also match you with appropriate and available lenders and help you prepare business plans, pro formas and loan applications as required.
In the end, if you are willing to work on it and are seriously committed to buying a business, there is always a way to eventually make it happen. We are here to help you get there.
If you are interested in having us work with you in buying a San Diego business for sale, give us a call and let's see if we can work together to make it happen.