How do I finance the purchase of a business?

Buyers typically combine funding sources. SBA loans can finance up to 90% of the purchase and offer low down payments and long terms but require strong credit and solid business financialshttps://kewlegal.com/how-to-buy-an-existing-business/#:~:text=SBA%20Loans. Seller financing lets you pay a portion up front and the rest over timehttps://kewlegal.com/how-to-buy-an-existing-business/#:~:text=Seller%20Financing. Traditional bank loans assess your credit, business performance and experience and usually require higher down paymentshttps://kewlegal.com/how-to-buy-an-existing-business/#:~:text=Traditional%20Bank%20Loans. You can also borrow from friends, family or investors but should formalize agreementshttps://kewlegal.com/how-to-buy-an-existing-business/#:~:text=Friends%2C%20Family%2C%20or%20Investors or use personal savings cautiouslyhttps://kewlegal.com/how-to-buy-an-existing-business/#:~:text=Personal%20Funds%20or%20Retirement%20Savings. Many buyers blend multiple sourceshttps://kewlegal.com/how-to-buy-an-existing-business/#:~:text=Combining%20Funding%20Sources. Our advisors help you explore financing options and negotiate effectively, providing friendly, responsive service.