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Old 07-07-2010, 03:35 PM
 
1 posts, read 1,041 times
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I am considering purchasing a business that is in the service industry. it has $2M in hard assets and has been in business since 1983. It does about $2.9M in revenue a year and produces a good profit. It has been ran by a couple who are now in their late 60's and has not grown much over the last few years. It has great potential to grow. With the assets in good shape, what would be the best financing options?
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Old 07-07-2010, 03:57 PM
 
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Seems like an awfully inventory / capital goods intensive business. There are firms that specialize in lending money to those that are buying a franchise. Terms can be quite onerous, and capital requirements border on the ridiculous, but that would probably be the best place to start if you do not already have an established business relationship with a traditional bank.
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Old 07-07-2010, 04:02 PM
 
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Do you have experience in that industry? Have you looked into the SBA 7(a) loan?
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