Even in a bad economy, there are always people who are looking for a loan to buy a business. Conversely, there are always business owners looking to sell to the right buyer, and walk away with the largest amount of cash. However, with the government and the economy in a shambles these days, finding lenders who will work with buyers and sellers can be hard. BizBuyFinancing, a nationally respected business purchase financing company, specializes in helping small and mid-size business buyers to find both successful businesses and successful funding. They accomplish this by offering a wide variety of commercial and government-backed business loans.
As Congress continues to deal with the President over a budget deal, potential business buyers, waiting for approval on a loan to buy a business or other financial options, have got to be getting nervous. Since a balanced budget no doubt means belt-tightening, the time is now to hope for money from the feds, from local banks and from other lending institutions.
Peter Siegel understands. As head of BizBuyFinancing, one of the country’s most successful financing companies for small and mid-size businesses, he’s learned how to ride the waves of finding funds for good buyers in bad times. The secret, he says, lies in prequalification.
“Our signature prequalification service tells our clients exactly how much money they can qualify for before we ever walk into the bank to apply for a loan,” Siegel said. “By knowing what the customer can potentially qualify to borrow, it helps us find the best loans and financing alternatives to pursue.”
It’s those alternatives, Siegel said, that really opens up a world of funding potential for his clients. BizBuyFinancing is one of the country’s foremost experts on securing SBA-backed federal loans for businesses. But Siegel says that often, much better arrangements can be made when both buyers and sellers work together.
“We take a look at a variety of ways to get business purchase loans – commercial loans, buyout funding, seller carryback notes and more,” Siegel says. “Many of our clients have considerable retirement funds that they want to use as a down payment for a business. Lenders like to see that. It means the owner is more likely to make the business a success.
Siegel added that even “hopeless cases” who think they’re beyond help buying a business are frequently helped by BizBuyFinancing. “We know that not everybody has wonderful credit,” Siegel says. “That doesn’t necessarily mean they’re not worth helping. That’s why we even negotiate hard money loans for challenging transactions.”
Siegel added that as the economy gets wilder, the phone rings more and more at BizBuyFinancing.com.
“We’ve secured loans in every state in America, for all types of businesses, “ Siegel says. We don’t see this economy as a threat, but an opportunity.”
About BizBuyFinancing.com:
BizBuyFinancing.com is a business and website dedicated to providing business purchase financing alternatives for small and mid-size businesses. For more than 20 years, the company has worked with all types of lenders and financial institutions to help its clients get the funding needed to complete their business purchases.
