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 of the deal. If a good qualified buyer doesn’t have all cash, business owners may have to consider providing some if not all of 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.