Small Business Purchase Financing—Obtaining Your Down Payment
Most lenders insist that business buyers/borrowers "have some skin in the game" such as a down payment on a business purchase. Most lenders require anywhere between 10%-30% down on a business purchase depending on the type of business, the deal structure, and the lenders general requirements.
All lenders are different and many times their requirements change throughout the year. Here are a few ideas that can be utilized to maximize the amount for a down payment on a business purchase and to obtain financing to complete your deal.