Contrary to what most people think, buying just a business without the real estate is not that difficult if you and the business are "bankable". The following briefly outlines the program. Due to the uniqueness of each transaction, each acquisition is evaluated on a case by case basis in order to customize a program to suit our customers present day and future financial needs.

FEATURES:

• Low down payment of just 20%, 10% seller carry back considered
• No pre-payment penalties
• Up to 10 years fully amortized financing, 15 years or more available with no prepayment penalty after 3 years
• Minimum loan amount is $100,000
• Financing available for most types of businesses - and are subject to review

REQUIREMENTS:

• Buyers are preferred to have a background in the industry or the business being acquired
• Equivalent combination of collateral and cash equal to the required 20% down payment
• Unsecured financing available for financially strong buyers interested in buying an existing viable business
• Mid scores of 600 preferred but reviewed on an individual bases
• The business must have an acceptable financial history with potential to expand and grow

INTEREST RATES:

• Tied in to prime and vary depending on the financial strengths of the buyers and the business

USE OF PROCEEDS:

• Purchase an existing business, new inventory, working capital and equipment
• Real estate can naturally be included

PRELIMINARY QUALIFICATIONS:

• Last 3 years tax returns for all principals involved
• All principal buyers current individual financial statements both personal and business
• Last 3 years company tax returns for company being acquired
• Current company balance sheet and profit/loss statement
• Business debt schedule detailing any business debts to be assumed upon selling the business
• Selling points of the business
  

DOING BUSINESS WITH US IS EASY

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Buddy Dufau