GET A LOAN TO BUY Blog Center
BUYERS >> GET A LOAN TO BUY
Franchises Approved by SBA for Acquisition
Feb 14, 2018
The SBA has published a list of franchise businesses approved for SBA lending. This doesn't mean the franchise isn't available for financing per se, it could mean the lender needs to go direct to the SBA to get approval. Check with your loan officer or under-writer for more details. Here is a link to the SBA website listing the franchises that are approved.
Click Here To Read More
How To Buy a Restaurant Making $100k+ a year with Only $30k Down!
Dec 5, 2016
The lending environment is booming. Banks are lending and restaurants are moving as a result. This translates into great leveraging opportunities under the right circumstances. With $30,000 down plus closing costs, one can buy a restaurant earning greater than $100,000 and be putting more than double the investment in their pockets each year.
Click Here To Read More
GET AN SBA LOAN FOR YOUR RESTAURANT/BAR PURCHASE
Oct 2, 2014
The value of an experienced Business Broker in handling an SBA transaction in the selling and buying of a restaurant is invaluable, and can make the difference between getting the deal done and having it fail. There are few business broker who have the experience to handle such transactions as SellingRestaurants does.
Click Here To Read More
Exceptions to SBA Loans: How To Get a 25 year Loan
Feb 26, 2016
The exceptions to the standard vanilla SBA loan are numerous. In these articles I try to educate the reader on other ways and SBA loan can be achieved.
Click Here To Read More
USING LEVERAGE (LOAN) TO BUY A RESTAURANT!
Oct 28, 2014
As a finance guy, I tend to be conservative when investing. It's in my DNA. I spent 22 years in corporate finance ending with a CFO role with Universal Music Group, the largest music recording company in the world. So numbers are in my DNA as well. When people talk of leverage, it can have various meanings to each investor. The purpose of this article is to show you the math related to leveraging....
Click Here To Read More
BUYING A RESTAURANT? WHAT ARE THE SBA LOAN FEES?
Aug 1, 2014
Many buyers are in the dark as to what the costs will be to close an SBA loan. I recently closed an SBA loan transaction so I thought I'd itemize those costs for the buyer looking to get a business using an SBA loan.
Click Here To Read More
GETTING AN SBA LOAN FOR A RESTAURANT - THE SHORT STORY VERSION
May 20, 2014
Getting a loan for the purchase of a restaurant is a challenge, but if handled by a knowledgeable broker, it becomes a very manageable process. The purpose of this article is to give the read a high level view of how the SBA process works. It is not meant to be a detailed road map to the loan per se.
Click Here To Read More
WE ARE GETTING SBA LOANS! CALL US!
Mar 8, 2013
Click Here To Read More
BUY A BUSINESS USING YOUR IRA and 401K
Jul 30, 2008
Although thousands have discovered this golden opportunity, some of the savviest investors are still unaware of this remarkable funding option: You can utilize your IRA monies before retirement age to purchase a business without incurring early distribution penalties....
Click Here To Read More
SBA LOANS FOR RESTAURANTS - HOW TO QUALIFY
Apr 24, 2008
In recent months, the federal reserve bank has drastically reduced interest rates which has in turn reduced the prime rate. The prime rate is the basis banks use to determine the interest rates charges to borrowers. Most SBA interest rates are prime + 1% to 2.5%. Today's (April 2008) prime rate is 5.25%, down from 8.25% a year ago...
Click Here To Read More
SBA expands Commercial Real Estate Refinancing
Mar 30, 2011
WASHINGTON, D.C. –Small business owners with eligible commercial real estate mortgages maturing after Dec. 31, 2012, will be able to secure more stable...
Click Here To Read More
FINANCING A RESTAURANT PURCHASE
Mar 6, 2008
Thinking about buying a restaurant or retail business but you only have 10-20% down payment? You’ll be glad to hear SBA interest rates have dropped significantly in the past few months making a business purchases..
Click Here To Read More
HOW TO SECURE A BUSINESS LOAN
May 23, 2008
As the financial markets change for buying a business and lenders increase the qualification requirements for business buyers, there is a drift toward the seller's replacing the banks in terms of financing the business purchase.
Click Here To Read More