Would-be entrepreneurs are divided into two camps. Some entrepreneurs opt to go the startup route and start a business from scratch. They look at the fanfare and prestige associated with founders that run companies with sky-high valuations. On the other side, some entrepreneurs prefer buying existing companies and growing them. There is less fanfare with […]
How to Get a Loan to Buy an Existing Business (Detailed)
Buying an established business is often seen as a lower-risk strategy to get into business ownership. Few entrepreneurs can buy a business outright, and most use a loan to finance the acquisition. In this article, we discuss: Are acquisitions a good strategy? How much does it cost to buy a business? Who provides acquisition loans? […]
Buying a Gas Station? How to Finance the Acquisition
Gas stations are one of the most common small businesses in the US. Most stations are owned by small operators. Despite their popularity with small business owners, gas stations are also one of the most difficult acquisitions to finance. In this article, we examine how to finance a gas station acquisition and cover the following […]
Investing in a Car Wash? How to Finance It
Buying a car wash has been a popular way for entrepreneurially-minded individuals to go into business. Car washes are ubiquitous and every town has one – or more. The most common way of investing in this industry is to buy an existing car wash. Buying an existing business is usually less of a gamble than […]
How to Pay Off Your Merchant Cash Advance by Refinancing
Merchant cash advances have the convenience of being easy to get. They can also be set up quickly, which makes them popular among some business owners. However, their convenience comes at a cost. Business cash advances are very expensive. And, in some cases, businesses that use this type of financing end up worse off. In […]
Business Debt Consolidation Basics
It’s not unusual for companies to accumulate different loans as they grow. Sometimes, these loans become difficult to manage. They may have different payment dates. Their terms may not favor your company. Or, maybe they were not the right option for your company in the first place. If your company has this problem, you may […]
Can You Buy a Business With No Money Down?
Buying a business with no money down is one of the hardest ways to acquire a business. However, it is possible to buy a business with no (or little) money down under the right circumstances. In this article, we examine: Reasons why you can’t or won’t put money down Options for financing the acquisition If […]
Can You Buy a Business if You Have Bad Credit?
The short answer: It depends. Having bad credit makes the process of buying a business more difficult. It will require more work. It will require persistence. However, getting a business acquisition loan while having bad credit is not always impossible. In this article, you will learn: What exactly bad credit is Why your credit is […]
How Supplier Financing Helps Grow Your Business
Supplier financing is a form of supply chain financing that can help manufacturing companies and product distributors fulfill more orders and grow their businesses. In this article, you will discover: How supplier financing works The pros and cons of the product How to use it to your advantage What is supplier financing? Three products fall […]
Financing a Business Purchase
When most folks think about becoming an entrepreneur, they often think about starting a company. That is certainly one way to become an entrepreneur. However, another way to become an entrepreneur is to acquire an existing business. This method has some advantages over starting a business from scratch. If you perform your due diligence correctly, […]