Navigating Business Financing

This chapter explores the complexities of working with lenders during business acquisitions, focusing on the importance of maintaining a high debt service coverage ratio and understanding SBA loans versus conventional loans. It highlights essential considerations such as the guarantee fee, third-party costs, and the necessity of a robust financing plan that includes adequate working capital. The speakers also discuss common financial pitfalls and the roles of various advisors during the lending process, ensuring buyers are well-informed and prepared.