Exploring Alternative Financing Options

Alternative financing methods are crucial for those looking to acquire businesses without relying on government loan programs like the SBA. In Canada, for instance, the Canada Small Business Finance Act offers loan guarantees up to one million dollars, but primarily for deals involving real estate. For businesses that do not involve property, the financing caps at $500,000, illustrating the limited options non-Americans often face compared to U.S. entrepreneurs. Moreover, the British Business Bank has introduced a similar program, offering guarantees up to two million pounds, showing the global interest in facilitating business deals outside traditional financing.