Every one of us wants to succeed in the world of business. The big question is “how”. And there is no doubt that owning a business could be the biggest step towards achieving this goal. And one should consider buying an existing business instead of starting from scratch.
Some of the advantages to buying an ongoing business is that you, as the new owner:
- have an immediate cash flow
- an established customer base
- do not have to build a business
- take over an existing successful business with the present owner’s assistance
But buying a business or refinancing a business opportunity can be a daunting task, in case real estate ownership is not involved. This is where we come, with tons of experience in this particular area we can simplify the process and get you the best deals.
Can I get it?
There are no hard and fast rules; however they are many key factors that help lenders in evaluating potential borrowers. Some are:
- Cash flow
- Capital and equity