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Loans to Buy a Business
If you’re looking to buy a business, consult a business valuation expert to help you find appropriate business financing alternatives. Try talking to your accountant or banker or search online for business valuation guides and loans to buy a business.

Use seller financing with a term of 5 to 10 years to buy a business. Lenders feel more confident funding acquisition deals that involve seller financing. Also, seller financing involves less paperwork and does not require an appraisal.

If you’re looking to buy a business in a hurry, consolidate the paperwork and keep the following forms ready to speed up the business loan approval process:

  • Last 3 years of tax returns and interim financials
  • Last 2 years of personal tax returns
  • Management structure and business plan for the business you want to buy
 
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