Business owners may have to finance the sale of their business

In today’s tough economy, obtaining financing for the sale of a business can be challenging.  Banks might not like the financials or might not be able to supply the funds even if they approved the deal.  If a good qualified buyer doesn’t have all cash, business owners may have to consider providing some if not all the financing for the sale of their company.  Of course there can be risks to seller financing, but there are also potential advantages such as higher sale price, a greater pool of buyers and an easier closing process.

Do you have small business questions you would like answered about this article or others?  Please visit www.VRWindsor.com or call 519-903-7807. 

William Sivell is a sales representative of VR Windsor Inc., Business Brokerage; his blog appears every Tuesday.