I have thought for a long time that I was in a good position to buy a business. I had enough in the bank for a 10% down payment plus deal expenses for my target price. I signed an LOI on a business that I really like and in the price range I was targeting. Then, I started working with several lenders for an SBA(7a) loan, and they all start talking about my lack of post-close liquidity and lack of collateral. I never considered that being an issue. Now, it looks like this deal is going to die because the lenders won’t provide funding to pay the asking price to a seller who is unmovable on his price. (Although, this business’s historical performance until recent years couldn’t support the price.) Has anyone else found themselves in a similar position? How do you overcome lack of post close liquidity or collateral? (P.S. – I’m looking to hear from other buyers. Not eager investors or partners)