Some myths about buying a California small business with the aid of SBA-backed loan financing are being exposed in an online conversation among business brokers and other professionals on the BizBen.com website Discussion section.
Dublin, CA -- (SBWIRE) -- 05/25/2017 -- Some myths about buying a California small business with the aid of SBA-backed loan financing are being exposed in an online conversation among business brokers and other professionals on the BizBen.com website discussion page. "Our intention is to encourage would be business buyers of small businesses to move ahead on deals that interest them, rather than believing they won't qualify to get the purchase funding they need," explained Peter Siegel, MBA, Founder and CEO of BizBen.com and BizBuyFinancing.com who has been providing California business buyers and sellers with small business purchase financing options, counseling, and lending advisory services for over 25 years.
This discussion on BizBen.com can be found at: http://www.bizben.com/discussions/sba-loans-to-buy-a-business-what-are-some-common-myths-13051617.php
"It's not true, for example, that you always need to put up real estate collateral to get a small business purchase loan from a bank or financial institution using the Small Business Administration's lender guarantee program. And it's not necessarily the case that it takes too long to get funded with an SBA approved loan for financing," according to Siegel.
"I've known people who didn't realize there is a specific type of loan offered by the SBA that would have enabled them to become the new owner of a business they wanted, had they gotten the right information when they needed it. And if some of the sellers of those businesses weren't able to find another buyer, they also were on the losing end of this lack of knowledge about the financing available through the SBA loan programs."
The BizBen.com Discussion section covers a wide variety of topics relevant to California's marketplace of small and mid-sized business for sale related topics. Some of the state's most knowledgeable experts contribute ideas and viewpoints that help educate visitors to the site - the buyers and sellers seeking information they need to successfully buy (or sell) and complete their small business for sale transaction.
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