Lenders typically look for multiple sources of repayment to satisfy any business loan. These sources may range from the cash flow of the business, to the liquidation value of the fixed assets, additional sources of revenue to the buyer not attributable to the business and personal guarantees from the buyer and the buyer’s spouse. [...]
Tags: Buying a Business
In preparation for a buyer visit or walkthrough, it is imperative to remove from the business any personal items or assets that are not included in the proposed transaction. Even if you have made it clear through previous discussions with the buyer that certain assets will not be included in the sale. If a buyer [...]
Tags: Selling a Business