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Buying A Small Business: Many Listings, Financing Available

Contributed by Jonathan Smith

All indications are pointing to now as one of the best times to buy a business in recent memory. The reasons are simple, lending markets are opening up and there is an overwhelming abundance of great opportunities to buy profitable businesses at discount prices.

The deals one can get on real estate as well as business only transactions is unlike any time period we have seen in recent memory. If you’re in a position to buy it would greatly benefit you to research multiple businesses to see which one makes the most sense for you and your future. With so many listings, you are sure to find the perfect match.

If you are worried about financing or if you have been told by a bank that the markets are too tight, then find another lender because money is out there and transactions are getting funded.

About The Author: Jonathan Smith is a financing/loan broker, consultant who assists with larger loan amounts ($500K to $5M) - SBA loans, conventional financing, and private lenders for business purchase financing. We works with business buyers, owner/sellers, business brokers, and agents. For assistance with business purchase financing options phone him direct at 888-859-9838.

Watch for more blog posts / articles from me in the future!

Posted on June 9, 2009 | Email This Blog Post | Print This Blog Post | All Contributions From Jonathan Smith

Categories: BizBen Blog Contributor, Business Purchase Financing, Small Business Financing

Comments:

I must say I don't see loans any easier to get than when this problem with the credit crunch started almost a year ago. Doesn't mean it isn't a good time to buy. But you have to find a seller who is flexible about financing. Fortunately, more sellers are willing to do that since buyers find it harder to get money from other places.

Posted by: Louis Tek

I keep reading that during the depression there were a lot of start up businesses and also businesses taken over by new owners that became very successful. People probably think that a bad economy is a bad time to get into business. But I'm hearing that the truth is just the opposite. This is a good time to start or buy a business. But most people are scared right now because they don't know what's going to happen and we're not "out of the woods" yet. So it takes some guts to get into something new right now. But if you guessed at the right thing, or were lucky, you stand to do very well as the economy improves.

Posted by: Alex Max

For people who are working for someone else and not sure about their future in the job, it really makes a lot of sense to buy a business if they have enough money. That's really true for someone who can get financial help with government economic recovery money.

Posted by: Layla L.

I agree. Now that money is starting to loosen up and it's possible to get loans, this is an ideal time to acquire a business. Sellers are motivated and so are landlords, and that can be an important factor because landlords are known for killing deals. Now they are less likely to be uncooperative.

Posted by: Alex Max

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About This Blog

	Peter Siegel, MBA is a nationally known consultant and author - with over 25 years experience on the topic of selling, buying, and niche financing (the purchase of), small to mid-sized businesses. His clients include: business buyers, business owners/sellers, small business advisors, and business brokers.
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