Where there is a will....there is usually a way to make it happen !
Most likely, the answer is yes. There are several avenues we can recommend to assist the buyer with financing the purchase. It will probably take a combination of the following:
1. Get a SBA loan. This is a government backed loan that will lend up to 80% of the purchase price, providing the buyer has other assets to use for collateral.
2. Use your 401K or IRA without penalty.
3. Owner finance part of the purchase, if the seller agrees.
3. The buyer can pay cash. Yes, occasionally it happens.
- Indy Business Broker
- Noblesville, Indiana
- With over 16 years of business ownership, management and sales, Dave understands the needs of both buyers and sellers in confidential business transactions. As a former owner of a mortgage company, he also brings a unique perspective of the financing aspect of deal making. Since joining Sunbelt in 2004, Dave has represented a variety of companies in such industries as service, distribution and manufacturing. Dave has a reputation for successful transactions and consistently receives compliments from both buyers and sellers for his diligent work and adding tremendous value to the transaction process. In 2010, Dave successfully completed the necessary courses and requirements to be designated a Certified Mainstreet Business Broker (CMSBB). Dave’s education and experience includes: Indiana State University (Business Management), Indiana State (Securities Division) and Mortgage Brokers License (8 years). In his spare time, Dave and his family: Angela, Jayden (14) and Kade (12) enjoy family vacations and traveling, sporting activities and their local church. Contact Dave at 317.218.8626 or cell at 317.508.6690 dgorman@sunbeltindiana.com
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