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In this thread, I am going to cover how it's possible to purchase a $5 Million business with $260,000 of cash down. I hope that you find this thread useful and educational.
#sba #smb #acquisitions #entrepreneurs
#sba #smb #acquisitions #entrepreneurs
1/x: SBA requires 10% equity for business acquisitions. This 10% is based on the total uses of funds for the acquisition. The total uses of funds includes the business purchase price, working capital, the SBA guaranty fee, and the closing costs.
#sba #smb #acquisitions
#sba #smb #acquisitions
2/x: 1/2 of the 10% can come from a seller note that is on full standby for the duration of the SBA loan. This means no payments can be made on this loan until it is paid off.
#sba #smb #acquisitions #entrepreneurs
#sba #smb #acquisitions #entrepreneurs
