If You're Looking To Acquire A Business, Check Out These Tips And Tricks!

If You're Looking To Acquire A Business, Check Out These Tips And Tricks! (Tips And Tricks for Business Acquisition)

In our latest video, we dive into the world of business acquisition and uncover some invaluable tips and tricks to help you navigate the process smoothly.

Here are 5 key takeaways you'll learn from this insightful episode:

1. Finding the Right Lending Institution: We'll show you how to find the best bank, credit union, or non-bank SBA lender that aligns with your specific needs and goals.

2. Understanding the Qualified Process of SBA Financing: Discover the general qualifications and step-by-step process of securing SBA financing for business acquisitions, franchise startups, and more.

3. Maximizing SBA Financing: Learn how SBA 7(a) financing can cover up to 90% of your total project costs, including purchase price, working capital, equipment, and inventory.

4. Collateral Shortfall and Creative Solutions: Learn how to navigate collateral shortfalls and leverage creative solutions like full standby notes from sellers to reduce out-of-pocket expenses.

5. Eligibility and Loan Programs: Gain insights into the types of businesses eligible for SBA loans, along with a breakdown of loan programs such as the SBA Express and Small 7(a) loans.

Are you an entrepreneur or business owner looking to buy or expand a business? Book a discovery call with Beau to learn all the ways he can help you - https://investorfinancingpodcast.com/rumble

Timestamps:
(00:25) General Qualifications and SBA Financing Process
(00:53) Importance of Tax Returns in Assessing Cash Flow
(01:22) SBA 7A Financing Details and Investor Partnerships
(02:12) Collateral Shortfalls and Seller's Equity Options
(03:29) Terms for Business Acquisition, Real Estate, and Rent Replacements
(05:34) Larger Acquisitions and Conventional Loans with SBA7A
(06:19) Eligibility Criteria, Creative Financing, and Business Ownership
(07:07) Navigating Different Lenders and Staying Updated with Guidelines
(07:55) Preparation for SBA Financing, Credit, and Business Acquisition
(09:05) Timeline for SBA 7A Loan Process and Real Estate Considerations
(10:02) Franchise Startup Process, Projections, and Loan Programs
(10:34) Financing Options for Franchise Startups and Banks Specializing in Franchises

💥 Thanks for watching 💥
#businessacquisition #SBAfinancing tipsandtricksforbusinessacquisition

About Beau: Beau Eckstein is a franchise consultant, commercial mortgage advisor, and business ownership coach who helps entrepreneurs buy, build, and expand their businesses. He assists aspiring entrepreneurs in finding their ideal franchise or business opportunity. Beau's expertise as an investor and business owner allows him to guide clients through the entire process of acquiring, funding, and growing their ventures.

🎥 The video interviews we do on IFP will help you scale your real estate business and learn how to finance all your projects.

About the Channel: Want to structure your investments in the right and secure way?

Learn great insights and make the right decisions through the Investor Financing Podcast hosted by Beau Eckstein.