Here's how much money you'll REALLY need when buying a business...

intermediary profile

December 22, 2023

by an intermediary from Edgewood College in Fresno, CA, USA

I don’t know about you but I heard everything from buying a business with no down to upwards of 15% down and that’s when using an SBA loan. But what about closing costs? Cash available post close? In today’s video I’ll show you in great deal by going over my cash requirements worksheet on what I teach my students on exactly how much cash you need to have on hand when buying a business.

#leolandaverde #businessesforsale #buyingabusiness #howtobuyabusiness #businessbroker




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Reply by a lender
from Urbana University in Columbus, OH, USA
It’s no money down with a properly structured seller note or 10% down. The % is of the total project.
Total project includes closing costs, SBA fee, working capital, & your legal fees.
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Reply by a searcher
from University of Pennsylvania in Philadelphia, PA, USA
This is very helpful! Thank you for sharing.
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