In our latest video, we dive into the world of business acquisition and uncover some invaluable tips and tricks to help you navigate the process smoothly.
Here are 5 key takeaways you'll learn from this insightful episode: 1. Finding the Right Lending Institution: We'll show you how to find the best bank, credit union, or non-bank SBA lender that aligns with your specific needs and goals.
2. Understanding the Qualified Process of SBA Financing: Discover the general qualifications and step-by-step process of securing SBA financing for business acquisitions, franchise startups, and more.
3. Maximizing SBA Financing: Learn how SBA 7(a) financing can cover up to 90% of your total project costs, including purchase price, working capital, equipment, and inventory.
4. Collateral Shortfall and Creative Solutions: Learn how to navigate collateral shortfalls and leverage creative solutions like full standby notes from sellers to reduce out-of-pocket expenses.
5. Eligibility and Loan Programs: Gain insights into the types of businesses eligible for SBA loans, along with a breakdown of loan programs such as the SBA Express and Small 7(a) loans.
If you'd like to meet with Beau to talk financing, book a call here
( http://bookwithbeau.com/ )