Attention Lenders!!! SBA Loans and Alternative Financing
As a first-time business buyer on a self-funded search. What are some creative financing solutions to securing funds when purchasing a business. For example, coming up with a down-payment to fulfill loan requirements of anything between 90/10 financing and 75/25 financing.
Other than bringing on an equity partner, what are other solutions? Do banks or hard money lenders typically fund the down payment/remaining funds?
Has anyone had experience borrowing from the business's suppliers to secure funds while committing to the suppliers as a means of future business?
Interested in what you have experienced.
Thanks