A critically important aspect of a business purchase is financing. In recent years, lenders in general have become extremely risk-conscious, affecting the likelihood that a loan can be obtained for a business purchase. Consequently, knowing where to go for specific types of financing can make the difference in whether you can purchase a business.
SBA Financing—For smaller business purchases up to $3 million, or refinancing an existing business up to $5 Million, or for buying or refinancing a commercial building up to $10 Million, SBA is probably the most likely source. Banks today do not normally make a business purchase loan other than a possible SBA loan since, being government backed, the risk to the bank is greatly reduced. An excellent source for the best SBA lenders and interest rates for your specific purchase with an SBA loan is available to you. 619-523-4689
Residental Real Estate—For purchase or refinancing of residential real estate, a nationally acclaimed preferred mortgage company obtains loans at no-cost, and at lower interest rates than you are likely to get dealing directly with a bank. The company described has an excellent, professional and impressive reputation.