Any suggestions for business acquisition lenders?
I have located at business that I would like to purchase with a price of $774k +inventory that has a good 20 year history and healthy cash flow. Since the business doesn't include real estate, the banks are willing to do an SBA loan at prime + 2 3/4 %with an adjustable rate. That seems to me to be pretty expensive money and I don't like the adjustable aspect. There must be other options out there.
I have located at business that I would like to purchase with a price of $774k +inventory that has a good 20 year history and healthy cash flow. Since the business doesn't include real estate, the banks are willing to do an SBA loan at prime + 2 3/4 %with an adjustable rate. That seems to me to be pretty expensive money and I don't like the adjustable aspect. There must be other options out there.
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