Plenty of first-time business buyers have spent decades running operations for someone else. Maybe that’s you, and you’ve decided the next company you run should be your own. Now you’ve found the right business to buy: a profitable HVAC company whose owner is...
Picture this. You’ve found the right property, negotiated a fair price, and signed a purchase agreement with a 45-day close. You pick a lender, send over your documents, and then hear the words every buyer dreads: “We usually need about 90 days.” Now...
Picture this. You’ve found a $2 million building. Your credit is strong, the down payment is sitting in the bank, and you’ve already started planning what you’ll do with the place. Then the term sheet arrives. The lender is offering about $1.4...
Picture two business owners who apply for a $2 million loan in the same week. Same city, same bank, even the same loan officer. One walks away with a quote that’s comfortably competitive. The other gets a rate nearly two points higher and spends the drive home...
Here’s a scene we watch play out all the time. Someone finds a great commercial building. The numbers make sense, the location is right, the tenant mix is solid. Then they call a bank, hear the words “you’ll need about 25% down,” do some quick...
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