Benefits are staggering.
October 2, 2017
Coming Soon
October 2, 2017

Coming Soon 2

I used to hate it when a buyer suggested using an SBA loan to acquire one of my client’s businesses. But it is an option more and more buyers are opting to use.

During the Great Recession of 2009, SBA-backed loans were extremely difficult to get as the entire lending industry twitter porn hub re-evaluated how loans were being written. But today, SBA lending is alive and robust.

My opinion used to be that SBA loans were slow and uncertain. They seemed to be the choice of buyers who really had no other choice. But I was wrong, and I am happy to admit that! SBA loans are a GREAT option for both buyers and sellers of Internet-based businesses.

For buyers, the benefits are staggering.

Using an SBA loan, a buyer needs to only put down 10% of the purchase price at closing. This means a buyer can acquire an online business, be paid back on their initial investment in just a few months, and then have the business literally pay for itself over the next 10 years.

Plus, buyers who use SBA loans are often able to offer better deals (and have a better chance of winning those deals) because their immediate return on investment is so much stronger. This is obviously a benefit for the seller as well.

For a seller, they will receive all or most of their funds at closing .

So what is involved when applying for an SBA loan? How do you qualify? What does the process look like? I reached out to one of our recommended lenders at a major bank to ask him every question I could think of about SBA loans, as well as relying on our extensive experience at Quiet Light Brokerage.