Thanks, Luke. Hey Alejandro, owning a business already gives you something to bring to a bank, since a lender may weigh your company's earnings alongside the target's. How much credit they give it depends on the lender and how your business is doing, so ask early. On seller carry, the percentage matters less than when it pays. A note that pays currently draws on the same cash flow as the bank payment, so it only helps if its terms leave the business some room. Take one listing, run the trailing twelve after paying whoever will run it against both payments, and see what's left. That tells you what to negotiate on price and seller terms before an LOI. Your lender decides how it applies to your file, so ask one what they'd want to see.

I just closed (Sept 1st) on an acquisition after a 10 month search. I’m on a green card. It wasn’t easy but I managed to get it financed by Newtek Bank. They were my only option but happy with how it worked out. Purchase price was $2MM - 30% seller financed, 10% cash down, rest loan. Horrible rate (13.5% ish) but excellent term (25yrs). This is without purchasing real estate in the transaction, only the business assets. Happy to discuss further and/or make intros to my loan team at Newtek if helpful.