Hi ^redacted‌, it depends on the deal. With some deals, conventional financing isn't an option. If the target business relies on a local bank. speak to that bank as a good first move, as they already know the business. In terms of alternatives, you've got many options: rollover equity, seller financing, raising money from investors. Quick note on the SBA's rule regarding PGs and retained equity. Yes, if the seller retains equity, he or she has to guarantee the loan for two years. But it is a limited guaranty. And sometimes, it is a very limited guaranty. In short, speak to your lender before ruling out this option, as the ask may not be as extreme as your think. I hope all that helps. Let me know if you ever want to discuss the legal side of buying a business redacted