What are the best ways to get financing to
buy a business?
Down Payment Requirements
SBA Lenders will offer business financing with down payments of 15% - 25% depending on the deal size. In most cases if the operating income is more than $45,000 per year after debt service we can find a lender that will finance with 15% down.
Seller Financing Options
Some sellers will offer Seller Financing options. The larger the down payment the better chance you will have at securing seller financing for the balance if a bank loan is not an option.
IRA / 401K Rollover
If you will be leaving your job when you purchase a business and have funds in an existing IRA or 401K, you can rollover those funds to purchase the business and avoid an early withdraw penalty. We help 100's of buyers each year complete retirement rollovers.
- Use your IRA or 401K to buy a Business
SBA Financing Solutions
We work with 100's of nationwide lenders who can help you secure financing to buy a business. Most SBA lenders require a minimum deal size of $200,000 +.
- SBA Lenders
There are a number of online lenders that provide personal loans of up to $40k including lighstream, marcus, and lending club.