Copyright © Janice E. Staropoli 2020

SBA FINANCING

The most important fact to remember when considering SBA Financing as a means to fund your Business Acquisition is that this is NOT the time to visit your local bank to discuss SBA Loans. Even if available thru your bank that is most often not the most favorable option for you, and certainly not at the local branch. There are many more critical aspects of obtaining a loan for business acquisition than the interest rates – they are pretty much the same from every lender. Choice of a lender has more to do with the type of business you choose and how you are able to structure that acquisition for yourself and the seller, plus whether or not financing is needed for working capital, inventory, capital improvements. The best lender for a specific business is a very fluid decision, as lenders frequently change their focus or fears based on their past experiences. Many, if not most of the lenders of choice are 3rd party lenders that are not consumer banks.

There is a lot more to obtaining an SBA loan than completing the SBA and lender paperwork. How you package and present yourself and your target business and ancillary details you provide is critically important to achieving the desired results. NOT EVERY BUSINESS WILL QUALIFY FOR AN SBA LOAN and NOT EVERY QUALIFIED BUYER WILL BE ABLE TO GET AN SBA LOAN.

My 25 years of experience in helping clients fund their business acquisitions can help you reach your goals. Email janiceES@bizbrokersaz.com or call direct at 602 577-0057.

Buy an existing business or franchise

“Starting a business from scratch can be challenging. Franchising or buying an existing business can simplify the initial planning process.”

Fund your business

“It costs money to start a business. Funding your business is one of the first — and most important — financial choices most business owners make. How you choose to fund your business could affect how you structure and run your business.”