For Subscribers
The Advantages of Seller Financing For StartupsSeller financing has advantages for both sides of a deal.
Opinions expressed by Entrepreneur contributors are their own.
image credit:Progressive Arkansas
Bill Short wasn't worried about how he'd finance FiberTech, the Atlanta-area fiber optics company he wanted to purchase. The former banking professional had stellar credit and enough money to make a sizable down payment on the business, which was priced in the "low seven figures."
The rest, he imagined, he'd borrow. But when Short applied for anSBA loan, he was told the government body required at least 10 percent of the deal to be financed by the seller. Although Short hadn't considered taking a loan from the seller, he was happy to comply if the terms were right.
Continue reading this article — and all of our other premium content with Entrepreneur+
Join the internet’s leading entrepreneur community! With your subscription you’ll get:
- Unlimited access, including premium content
- No ads
- Subscription to雷竞技手机版magazine
- Four free e-books a year
- Subscriber-only events with our experts
