Part 7/9:
One of the biggest obstacles for potential acquirers is financing. Sanchez breaks down available options, emphasizing that purchasing a business can often be done with significantly less personal capital than people might assume. Various financing options include:
SBA Loans: Up to 90% financing is commonly available for business acquisitions through Small Business Administration loans, with buyers typically only needing 10-20% down.
Seller Financing: Many small businesses include creative financing options where the seller allows the buyer to repay a portion of the sale from the business's future profits.