Buying Online Businesses Podcast Acquiring Finance To Buy An Online Business with Federal Reserve Bank Advisor Ami Kassar
What if acquiring the finance to buy an online business was easier than expected? What if it turned out that you didn’t need as much upfront capital as you thought? In this episode, Jaryd Krause explores these questions with Ami Kassar.
Ami Kassar is the founder and CEO of MultiFunding, a Philadelphia-based consulting firm specializing in helping business owners across the U.S. find creative, cost-saving financing alternatives. With over 20 years of experience, Ami is a thought leader in the field, frequently advising major institutions like the Federal Reserve Bank, the White House, and Congress. He is also a sought-after speaker at national business events.
In this conversation, Jaryd and Ami cover a wide range of topics related to financing online business acquisitions. They discuss everything from the minimum deposits and credit score requirements to how to acquire multiple businesses and build a portfolio using SBA-backed loans. They also dive into how to scale a business portfolio and share key insights into the strategic steps involved in growing a successful online business empire.
For those looking to buy their first online business or expand their portfolio, this episode is packed with valuable information to help navigate the complexities of business finance.
Let’s get started!
Episode Highlights
02:30 Process of buying a business using financing
10:00 Explore SBA first!
18:00 Not every lender fits every situation
24:30 Know your risk tolerance when buying a business!
Key Takeaways
➥ Online businesses often lack physical collateral, so lenders focus on cash flow when approving loans. This makes SBA loans a good fit for financing online businesses.
➥ SBA loans typically offer better terms than private lenders, who might offer quicker, riskier loans with shorter repayment periods. The SBA’s longer repayment terms (up to 10 years) are often more manageable.
➥ Business owners should be cautious about overleveraging themselves, particularly when buying smaller businesses as their first venture. It's essential to ensure the business is stable enough to handle debt repayment.
About The Guest
Ami Kassar, author of The Growth Dilemma, speaks nationally to entrepreneurs and business owners who desire money to grow their companies, improve cash flow and/or restructure debt.
Ami is the founder and chief executive officer of Multifunding LLC, a Philadelphia based consulting firm that specializes in helping business owners across the United States develop creative, cost-saving alternatives for their business debt needs and structure.
For over twenty years as the “go-to” thought leader in business financing, Ami is frequently quoted in national media and is a sought-after speaker at business and industry events across the country. Including advisory for the White House, the Treasury Department, Congress, and the Federal Reserve Bank.
Connect with Ami Kassar
➥ https://www.multifunding.com/
Resource Links
➥ Sell your business to us here - https://buyingonlinebusinesses.com/sell-your-business/
➥ Buying Online Businesses Website - https://buyingonlinebusinesses.com
➥ Download the Due Diligence Framework - https://buyingonlinebusinesses.com/freeresources/
➥ GoDaddy (Website Hosting & Buying Domains) - https://bit.ly/3YiRkWV
➥ SEM Rush (SEO tool) - https://bit.ly/3lINGaV
➥ Active Campaign (Email Software Provider) - https://bit.ly/3DCwYQH
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➥ Empire Flippers - https://bit.ly/3RtyMkE
➥ Flippa - https://bit.ly/3WYX0Ve
➥ Motion Invest - https://bit.ly/3YmJAmO
➥ Investors Club - https://bit.ly/3ZpgioR
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