A common question. Can I finance a business with a loan of some kind? In this brief video, Melvin and Peters talk about the fact that 90% of all business sales are financed by the seller IF there is financing involved at all. While the SBA (Small business administration) does provide loans for some types of businesses and under certain criteria, it is generally considered a pain to go through the process and seller's tend to shy away from buyer's when they start talking SBA loans. Mostly they shy away because of the time generally associated with the SBA process. If you are a buyer and think you'll want to use an SBA lender, we suggest that you get that process started 4 to 6 months prior to finding your actual business. For more info or to speak with the Melvin Peters Team go to our contact page or call us at 702-900-1238.
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