Funding Purchase

                                               Funding the Purchase

The most likely source of financing will be the seller. It is very difficult to obtain financing for small businesses, so owners need to be prepared to assist the purchaser if they wish to sell. This is when your resume, credit history, and credit score come into play.

If you can’t show the seller that you are responsible and professional, it is unlikely that the deal will go through. Don’t be discouraged: deals can be structured with sellers even if the purchaser has no money. There are several additional financing options that may be open to you, depending on the particular business, the owner’s circumstances, and who you are. I suggest that you read our “Guide to Raising Capital,” available on the website.

<<< Prev      Next >>>