Financing and SBA

SBA 7(a), seller notes, equity, lenders and what they ask for.

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Nia O.Buyer· 15hIdentified

Did anyone use an ROBS plan instead of an SBA loan?

I have a 401(k) from fifteen years at one company. Has anyone here used it to fund the purchase, and would you do it again?

Latest answers

North Ledger 507 answered:What should I do in my first month after closing?Ride along with whoever does the job that brings in the money. For us it would be a week in the cab. Customers notice that the new owner…
Dana Brooks answered:What should I do in my first month after closing?Meet every employee one on one in the first two weeks and ask the same three questions: what works, what's broken, and what they're worried…
Marcus R. answered:Would you carry a seller note, and for how long?As a buyer, a seller note tells me you believe the business will keep paying after you leave. I'd take a slightly higher price with a note…
Dana Brooks answered:Would you carry a seller note, and for how long?Most deals I see with an SBA loan have one, and it often makes the difference to the lender. The things to get right: whether it's on…
Cedar Ridge 388 answered:What do owners actually want to hear in a first message?Say who you are and what you've run before, in two lines. I can't tell anything from enthusiasm; I can from experience.

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