Redirect Your Retirement Funds!
Invest Your IRA or 401(k)
Ask me how!
How can I finance my business?Buyers Cash
20%-50% of the purchase price is required for down payment (consider reserves for operating capital, about 3 months)Seller Financing
Lower interest rates
Business and assets serve as collateral for Seller's note
Owner has some interest in the businessInstitutional Financing
Minimum 25%-30% down payment
Balance amortized over 10 years and variable rate of prime + 2%-3%
Business serves as collateral for the loan
Credit score 675 or betterA Bank Loan
Tell them you want a loan to start a new business
Collaterize the business with assets
|There are 4 "Cs" involved in any decision to loan money to someone: Cash, Credit, Collateral and Character. The fact is that it doesn't matter whether you go to a bank, use the SBA guarantee service or go to a friend or relative for the loan.|