What are the best resources for obtaining financing to purchase an existing business? The business has solid financials with 1mm in revenue and 200k in free cash flow the last fiscal year. Furthermore, the acquisition aligns with my background: education and experience. Any help is greatly appreciated.
You might find this article helpful: Get Your Business Funded Author Steve Strauss mentions specifically in this piece business owners needing funding "at some point in the life cycle of their business." It's not as uncommon as you might think, especially if you are just now acquiring the existing business yourself, making it new to you.
Others in the community may also have some input for you, interested to see myself what experiences are among us.
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