BizBuyFinancing

Description

The experience of BizBuyFinancing in business purchase financing over the past two decades has meant working with all types of lenders and financial institutions while helping clients get the funding needed to complete their business purchases. In addition to helping buyers get prequalified, we've been instrumental in creating and executing the business prequalification strategies for sellers who want the market advantage of offering a business for sale complete with a bank ready to finance the deal for a qualified buyer. Part of the education we provide to clients includes information that helps them understand where the money might be coming from to help them capitalize on good business for sale opportunities. And how to get it. Business buyers and sellers working with BizBuyFinancing become well informed about topics such as the following: A greater role has been assumed by the Small Business Administration in the marketplace where entrepreneurs go for business acquisition financing.

For more than 20 years, BizBuyFinancing has made it possible for thousands of business buyers involved in buying a small or mid-market business to obtain financing they've needed to successfully complete their transactions. Led by Peter Siegel, MBA, who developed the company's signature "Professional Pre-qualification" service, BizBuyFinancing proudly, stands alongside legal and accounting firms as a team of professionals that business buyers, owner/sellers and business brokers rely upon to achieve business purchase financing assistance. BizBuyFinancing brings to its clients the knowledge of the financial industry, as it pertains to the business sales market. It has formed relationships with many of the key executives who make funding decisions. As a result, BizBuyFinancing has considerable experience in successfully navigating an ever-changing landscape of lender portfolios, standards, underwriting criteria and capabilities. This gives the company access to a wide range of financial products, often available to the company at wholesale rates. These rates are then passed along to its clients.

We have knowledge of the financial industry, as it pertains to the business sales market. We have formed relationships with many of the key executives who make funding decisions. We also have considerable experience in successfully navigating an ever-changing landscape of lender portfolios, standards, underwriting criteria and capabilities. This gives the company access to a wide range of financial products, often at wholesale rates. These rates are then passed along to you. Unlike most providers of loan brokerage services, we are an exclusive representative of our clients. We make sure each has an advocate on his or her side. There is never a question of preferential service, competing loyalties or conflicts of interest.

Getting help buying a business is an important part of the strategy to acquire your own company. The trick is to know whose services are valuable and whom you can do without. There are those whose ideas and experience can save the business purchaser money, time and aggravation. And they can help save a deal. Among the professionals to work with (and what to have them do) are: 1. Business brokers and agents can provide a wealth of information about businesses for sale as well as advice about how to analyze companies being offered. Look for brokers who have extensive experience and with whom you have good rapport and communication. Mostly a business sales professional is paid only upon successful conclusion of a transaction in which she’s involved. But it also is possible to hire a broker for a flat fee who will furnish advice and assistance in analyzing business opportunities, and help in negotiating a purchase. 2. Accountants with knowledge about the workings of small businesses are best used to aid in analyzing a company’s financials and determine its history of collecting revenues and earning profits.

Because there are different kinds of business purchase loans, the buyer trying to get funds to acquire a company needs to analyze what’s available and determine which lender is the most suitable for her circumstances. Choice of the best kind of loan to get begins with deciding whether you want the lender able to respond most quickly, to offer the lowest rates or to provide some other important benefits. Three suggestions for selecting the type of lender that might be most appropriate for your deal are: Hard money lenders are the private investors who can make a quick decision and write a check while other money sources are still working on preliminary paperwork. You might pay a premium of two to five percent annual interest more for a private loan than would be charged by a regulated institutional lender. And you need to be cautious when borrowing from someone who doesn’t have to comply with all the regulations imposed on banks to protect consumers. It’s a good idea to check lender references so you can avoid being victimized by predatory lending practices.

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