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Home > Tools and Resources > Ask the Expert > The Pros and Cons of SBA Loans

The Pros and Cons of SBA Loans
This government organization may fit your needs under the right situation

By Richard Parker | Diomo Corporation
Contact Richard Parker | Visit Website | About The Author

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Question:
Can you provide an outline on SBA loans and advise the pros and cons of it?

Answer:
By the time you read this, the SBA may have changed the rules! While the SBA has some attractive features, here are a few key pointers:

On the plus side, you can achieve tremendous leverage as the SBA will lend up to 80% (you put up 20% although they're now looking at 70%/ 20% from the buyer and 10% from the seller), they have ten year terms plus they'll also finance any real estate in the deal and blend it with the business acquisition loan for a very favorable term.

Get more expert advice in Richard Parker's How To Buy A Good Business At A Great Price - the most widely used reference resource and strategy guide for buying a business.

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About The Author
Richard Parker is the author of: How To Buy A Good Business At A Great Price, the most widely used reference resource and strategy guide for buying a business. He has purchased ten businesses in his career and has helped thousands of prospective buyers worldwide learn how to buy the right business for sale. He is also founder and President of Diomo Corporation - The Business Buyer Resource Center.

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