Talk to the Bank

Even if you are able to pay cash for a business, you will need to have a relationship with a bank of some kind. It is best to begin discussing your plans with either your current bank or a bank you plan to work with later at this early stage in the process. You may need to know how that bank makes decisions regarding lines of credit or banking services so that your final purchase is structured to satsify any requirements.

When it comes to purchase funds, your business intermediary is a valuable source of information and guidance. There are many sources of capital available for purchasing or expanding a business. Your business intermediary can provide you with the guidance and assistance you need to select the most appropriate source of capital for your deal.

Next Step: Get Familiar with the Process

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