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Buying a business can be a great way to fulfill your dream of becoming an entrepreneur or growing your existing company. However, most small business owners do not have the capital required. For business owners with good credit scores, an SBA Loan can provide excellent terms, but a conventional loan may be faster and easier to get.
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Top 4 Financing Options for Buying a Business ByRuss Shumaker When it comes to buying a business, most entrepreneurs aren’t paying cash. Instead, they are using loans to buy an existing business. Financing the purchase of an established business can be helpful because it splits up the cost over an extended period, rather than requiring a lump sum upfront. In this article, we will outline the most common types of financing used for buying a business and consider a few other things that would be helpful to know if you’re thinking about business ownership. Read more at: https://www.biz2credit.com/business-loan/top-financing-options-buying-a- business