The Secret to Acquiring a Business with No Collateral
The Secret to Acquiring a Business with No Collateral
Question: Hey Beau, I’m buying a business and it has no inventory. It really is just all intangibles. It’s doing great revenue. I’m a solid borrower and I fit all the benchmarks I believe the SBA would require.
I guess I’m just wondering…I’m buying a business for $3 million with no hard assets.
Is this even fundable? I know SBA guidelines look for additional collateral but I don’t own any real estate.
Thanks,
Lance
Timestamps
[00:42] Buying a business with or without collateral
[01:04] A lot of banks have overlays of the SOP for SBA
[01:12] Beau works with banks that specializes in business acquisition with no collateral
[02:13] There are handful of banks that love large type of business acquisition
[02:29] Bringing the deal to the right funding source
[02:56] Blowing the deal versus going to the right funding source from day 1
[03:17] Start with the highest probability of funding the deal
[03:28] Book a call at http://bookwithbeau.com/
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#businessacquisition #sba7a
_________________________________________________________________________________________________ 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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