No jargon and no assumed knowledge. If you have never done this before, start anywhere.
How SBA 7(a) acquisition loans work: the 10% down payment, the $5 million cap, what lenders check, how long approval takes, and what the guarantee means.
ReadWhat to request, in what order, and what each document is actually meant to prove. A due diligence checklist for first-time buyers of a small business.
ReadA letter of intent sets the price, structure and timeline of a business purchase before the lawyers start. What it binds, what it does not, and what to include.
ReadSDE and EBITDA measure different things and carry different multiples. Using the wrong one against the wrong multiple is how owners arrive at a badly wrong price.
ReadSmall businesses sell for a multiple of earnings, usually 2 to 4 times SDE. What decides where a specific business lands, and how an owner moves it up.
ReadIn an asset sale the buyer takes the assets and leaves the liabilities. In a stock sale they buy the company whole. What changes for tax, risk and contracts.
ReadSeller financing means the seller takes part of the price over time. Why it widens the buyer pool, what it costs the seller, and how SBA standby rules work.
ReadEscrow holds the buyer's money with a neutral third party until both sides have done what they promised. How it works in a business sale, and what it costs.
ReadNew guides, what deals are actually closing at, and the parts of the process nobody explains. Written for beginners.
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