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If you are in the fortunate position of having sufficient cash resource to be able to fund the purchase of your target business without recourse to borrowing or outside investors, then you probably don't need to read any more.
However, most of you will be looking for some kind of finance arrangement to support the funding of your acquisition.
The common sources are banks and commercial lenders, asset finance, equity funding including venture capital and angel investment, factoring and invoice financing. You can even try tapping friends and family for a loan or share in the business.
For small businesses, commercial loans are the most common and cost-effective ways of purchasing a business. The increased amount of competition theses days means that there are commercial loans to suit a range of business types and requirements. Payment schedules can be quite flexible with interest-only or interest + capital options repayable over terms up to 20 years. Lenders usually require security, and can offer up to 80% of the business purchase.
We have excellent contacts at most of the High Street banks and commercial lenders.
If you would like a no-obligation indication of whether you will be able to raise finance for your proposed business purchase, please spend a couple of minute completing this form.
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