AmiSight 10/23: Top Tips and Tricks When Looking to Finance an Acquisition
The SBA is the best-kept secret in government. And every entrepreneur should understand the program - and its possibilities. One of the primary uses of SBA loans is to buy a company.
Some baseline information to know:
Everyone is eligible for up to $5M of SBA-guaranteed loans.
SBA loans amortize over ten years, offering lower monthly payments to absorb the acquisition.
There are ways to buy businesses with zero percent down.
Like everything else in life, the devil is in the details.