This content has been marked as final. Show 1 reply
For the price - how did you determine the price for the property? Or, how did you determine the price when you sold the business the first time. There are may ways to value a business - discounted cash flow, multiples of EBITDA or even market or book value of assets. But, since you were on the other side of this deal before - you should have a good understanding of what the business is worth.
There are also many funding options - but would depend on how much you need and what you can put down. There are traditional and SBA loans - that might work for you (if you can put 10% to 20% down and have a good business plan) - might be your cheapest way. Since you have prior experience????
There are non-bank options that require good credit and good cash flow (at time of application). There are also many other options but they depend on the amount you are seeking as most have limits.
Business Money Today