5 Ways to Finance Buying a Small Business
-
SBA Loans: Borrowers looking for the long repayment terms and low interest rates.
-
Rollover for Business Startups (ROBS): Funding a business purchase or loan down payment from your for borrowers with $50K+ in retirement funds.
-
Seller Financing: Requesting the owner of the business to loan you some of the money to buy the business, in addition to upfront money from the buyer.
-
Home Equity Line of Credit: HELOC & HEL: Borrowers who have +20% equity in their homes and a good credit score of +620 can usually qualify for a home equity loan to finance buying a business.
-
Loans from Family & Friends: Buyers who have friends or family who believe in them and will loan them money to help them buy a business.