Financing

March 26, 2019

Why Can’t I Get a Business Loan?

One of the main barriers for selling a business is whether the buyer is able to get the finance to purchase the business. Contrary to popular belief, banks want to lend you money & they want you to succeed. Because when you succeed, they succeed. So here are my Top 5 Tips on how you should prepare to borrow money from a bank or other lender to buy a business. Banks & lenders in general, have 2 main criteria when they lend money; can the borrower pay me back & will the borrower pay me back. This month we’re going to focus on the “can”. That is, can you be successful in generating enough revenue to make the regular repayments […]