FAQ

Yes, we do many employeee or manager buy-outs of businesses (and real estate if it is available). We’ll assist you throughout the entire process until you have financing in hand to buyout your employer! Phone 800-540-1811 to get started on the process.

No. Not with us – our focus is on the business your are buying and how it relates to your PAST work experience. We also are more interested in the financial performance of the business you are buying not your current employement. Many of our client/borrowers are unemployed currently searching to purchase a business.

Yes we assist with re-financings all the time when buyers or owners have loans that have balloon payments coming up soon or the terms and conditions of a note/loan are excessive (short term, etc.) If you want to refinance a business purchase or business purchase with real estate please call us for more information on our refinancing programs.

We have serviced the entire nation for over 15 years with this specialized financing for business purchases. We have relationships with hundreds of specialty lenders and financial lending institutions, that give us the best terms, quick turnarounds, and lowest rates throughout the Country.

There are many ways to optimize for business purchase financing – the buyer will need to put down 15%-30% down, if the owner can carryback a portion of the purchase price and if you can pledge any personal real estate toward the purchase that too will influence those during the underwriting process. Factors that effect the deal structure and terms are: provable cash flow of the business, history of the company earnings and cash flow, the industry the business is in, the work experience/skill set of the buyer, the lease term left on the business, and some other factors. All of these play a role if you get a loan, the terms of the loan, the interest rate, etc. We assist our clients to get the best financing possible to purchase a business.

Yes we do – we have several lenders who specialize in various types of franchises, our loan amounts vary between $100,000 and $5,000,000. We provide financing for either franchise resales or new franchises as long as the loan amount is greater that $100K and less than $5M.

We assist with many buyout financings. We have many partners buying out other partners, and employees or managers buying the business they work at with our financial assistance.

No – we do not offer any start up financing. We are very specfic and specialized about our services – we only offer business purchase financing with either SBA Preferred loans or commercial financing for existing business purchases with prices between $100,000 to $5,000,000.

Absolutely. You can offset this factor sometimes with other criteria such as collaterial, large down payment and work/management experience in relationship to the type of business your buying – but overall good to excellent credit is very important in getting financing either with PLP SBA Preferred loans or commercial financing to buy a business. Your credit score should be 600 or higher.

Absolutely! We work with many owner/sellers who pre-qualify their business before they sell for financing. If you have financing lined up for your business purchase it will accomplish several things. 1. It speeds the process up so buyers don’t have to search for financing – and may go to the wrong source and get turned down! 2. It opens the door to many more buyers than just the ones who need to buy your business with all cash.

Yes – we do many refinancings of notes of past business purchases where the terms and conditions are excessive to what is available through our hundreds of financial institutions and lenders at this time. Call us at 800-540-1811 to see if your situation would qualify for this type of refinancing.

Since our services are so specialized, we have a very high degree of success (over 90%)! We offer specialized services and know our market very well for SBA Preferred PLP and Commercial Financing for purchases of small and mid-sized businesses with purchase prices between $100,000 and $5,000,000.

Some of the basics are: 1. Cash flow of the business – they want to make sure the business under new owners can pay back the loan as well as provide a living for the buyer(s). 2. Managment/Experience, skills that relate to the business they are buying 3. Good to excellent credit. 4. What are the living expenses of the borrower – does the cash flow of the business cover the debt service and leave enough for that particular borrowers living expenses etc. 5. Is there income coming from other sources besides the business the buyer is buying – spouse’s income, investments etc. that can help out if the cash flow isn’t sufficient to cover the borrowers living expenses. 6. Steady to Growing History Of Revenues & Adjusted Net Income Of The Business + approximately 25 other factors.

Lenders want to see potential business buyers take a risk also – the minimum down is 15%, but 20% down is more common with most lenders. Our clients get their down payment from many different sources – savings, equity in their homes, retirement funds (we can assist you without incurring a tax penalty!) or a gift letter from a family member. We have many strategies for our client/buyers when it comes to buying a business with either SBA Preferred PLP financing or Commercial. If you need a loan now, phone 800-540-1811 for assistance.

Since we specialize only in this type of financing (assiting our clients with financing to buy businesses with a purchase price between $100,000 and $5,000,000) – we work with hundreds of different financial institutions and special teams of upper management, underwriters, and processors who understand this niche form of financing. Remember lenders change their lending criteria often, another good reason to let us assist you in getting financing to purchase a business. For more information about our consulting and loan placement service phone 800-540-1811.

Approval letters take between 1-4 days and actual funding takes between 24-32 days depending on the situation. We assist all of our clients through the process the right way the first time so that the financing process gets done quickly and professionally.

It varies usually anywhere from 10 – 25 Years depending if it is a SBA loan or conventional loan. The loans are fully amortized and usually there are no pre-payment penalties for early pay-off. Term of the loan is also dependent on if the business only is being sold or if their is real estate along with the business purchase.

Depends on the loan, but usually 90% of the time there are no penalties for paying of the loan early with our lenders.

You need to be a U.S. Citizen or at least have a green card with Permanant Resident Alien marked on it,

NOT AT ALL! All lenders have their own criteria for financing with loans for small and mid-sized business purchases. Lender criteria can change frequently regarding SBA loans & commercial loans. We only work with high level individuals and teams within these lenders that get the deal done in a timely and professional manner.