
How Much Money It Takes to Buy a BusinessIt typically takes 20% down to buy a business. For instance, you can buy a $1,000,000 business with $200,000 down, and obtain a SBA loan for $800,000. How much cash you have determines the size of business you can buy. In addition to the down payment, you may want to have extra cash for operating capital and reserves. Advantage Commercial Brokers have developed personal relationships with bankers over the years. Having a good personal relationship with the right banker can mean the difference between having a SBA loan approved in several months and having it approved in as fast as 2 weeks. At this point, you can choose one of the following 2 options:
|
||||