Concrete Company Acquisition Financing with the SBA 7a Loan Program

Concrete Company Acquisition Financing with the SBA 7a Program {Expansion Financing}

I own a concrete company. We have been in business for 8 years. My competitor is retiring and would like to sell his business to me for $2.2 million. I am looking for guidance on how to structure my offer and financing for the acquisition.

Thanks,
Patrick

Timestamps
[00:28] At what point can you do business expansion?
[00:46] Getting at least 90% loan to cost on the acquisition of the business
[00:59] Some SBA investors/ lenders allow 100% on a business expansion especially if there’s real estate involved
[01:30] SBA 7a as the highest leverage for business acquisition or expansion financing
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_________________________________________________________________________________________________ About Beau: Beau Eckstein is a real estate entrepreneur, TV personality, and commercial mortgage advisor, specializing in construction financing and multi-family lending.
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