Chuck Hayes

Bank Loans for Financing a Firm Acquisition

Wednesday, 06 February 2013

bank loan artAs a business broker that specializes in the sale of accounting firms, I get questions everyday about using a commercial loan to acquire an accounting firm. How much of a down payment is required? Should I get an SBA loan or a conventional loan? How long is the process? What are the terms? What will the bank want as collateral for the loan? Are there really banks that are willing to loan money for the purchase of an accounting firm? These are all good questions.

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