Deal closing steps and timeline

May 16, 2022
by a searcher in Chicago, IL, USA
I received news today that my LOI has been accepted for a $1.6M Home Healthcare deal. It will be the first business I have ever acquired and I would like to know whether there are any resources that show what the timeline is to close a deal and the steps from LOI to diligence to close etc?
What are the steps after due diligence is completed? I am not sure what to expect and what the steps are. Thank you.
in Limerick, Ireland
Depending on how your financing the deal, if its debt or equity, how quick can you get the funding allocated, thats a question you need the answer to which determines when it could close, OR if seller financed (100%) you dont need to wait for a bank or equity partner, if thats the case, ask the seller, ideally when would you like to close, and suggest a timeline (1 week 1 month) and begin due diligence, once thats done, get your heads of agreement drafted, speak to the seller and close the deal. Couple of variables but no short answer.
from Abilene Christian University in Dallas, TX, USA