Russ Davis posted a new question on 11/10/2009
With a strong track record of running businesses as president/GM and an advanced degree, how much financing would a bank typically cover
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Ben Brickweg Responded on 12/3/2009
Bank financing is almost non-existent in today's marketplace. If there is real estate involved in a purchase, you may have luck finding an SBA loan.
Seller financing is much more common. Expect to put an amount equal to 1 year's earnings of the business as a down payment...or...30-50% of the sales price.
Give me a call, I'd be happy to give you a quick overview of the process. 612-238-1285
Ben
