Biz2Credit - Small Business Acquisition Loans and Financing to Buy your own Business
(http://www.biz2credit.com/get-a-loan/business-acquisition-loans/loans-to-buy-a-business.html)
Loans to Buy a Business
If you're looking to buy a business, consult a business valuation expert to help you find appropriate business financing alternatives. Try talking to your accountant or banker or search online for business valuation guides and loans to buy a business.
Use seller financing with a term of 5 to 10 years to buy a business. Lenders feel more confident funding acquisition deals that involve seller financing. Also, seller financing involves less paperwork and does not require an appraisal.
If you're looking to buy a business in a hurry, consolidate the paperwork and keep the following forms ready to speed up the business loan approval process:
* Last 3 years of tax returns and interim financials
* Last 2 years of personal tax returns
* Management structure and business plan for the business you want to buy
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