The Handley Group Inc., Southern California’s #1 Business Broker

Email Newsletter

Enter your email address to receive “Five Tips on How to Pick a Business Broker”

Testimonials

The Handley Group consistently delivers buyers who are pre-qualified to purchase and have the ability to meet the demands of a lender. Their track record with us ranks near the top in pre-loan work and analysis making funding of their projects easier and faster. Loan requests from Laurence Handley are in the fast lane in our Santa Barbara operation.

- Doug Carr,
UPS Capital,
the Nation's
#1 SBA Lender

Also members of

The California
Association of
Business Brokers

Financing

A challenge many business owners face when they are trying to sell their business is how to get out from under carrying the business acquisition loan for a prospective business buyer. It’s understandable that owners want to walk away from their business with cash in hand once it’s been sold. They’ve done their time and are ready for a change.

The Handley Group has relationships with SBA preferred lenders who have the experience and lending programs available to help a business get financed and sold. Financial institutions that have been granted “Preferred Lender” status (PLP) by the SBA will be able to work on and pre-approve a loan before the paperwork gets to the SBA, which means the transaction should close quickly.

The SBA works with a network of qualified lenders to guarantee billions of dollars in financing to small and medium-size business acquisitions

Because the down payment for an SBA loan is usually lower than can be found with a conventional bank loan, 10 years for business transactions and 25 years for real estate, this makes monthly payments smaller. Both of these factors usually attract more prospective buyers. Quite simply, more individuals can afford and qualify for financing. In short: For business acquisitions and real estate transactions, SBA loans are a great solution for the buyer and seller alike.

Every year, the SBA works with a network of qualified lenders to guarantee billions of dollars in financing to small and medium-sized business acquisitions. Because the SBA guarantees that a portion of the loan will be paid back to the lender should the borrower default, lenders are willing to take a few more risks that they would otherwise not be willing to take.

So, if you are considering selling (or buying) a business or the real estate your business is now leasing, contact Laurence Handley at The Handley Group and inquire about SBA financing.

Documents Required From the Seller by a SBA Lender for “Pre-Approval” of financing:

Three years business tax returns from seller

Three years business financial statements from seller

Interim business financial statements from seller

Confidential Business Profile

Documents Required From a Buyer by a SBA Lender for “Pre-Approval” of financing:

Independent Business Valuation to justify Market Value

Three years personal tax returns from buyer

Personal financial statements from buyer

Resume of buyer

For more information, contact:
Laurence Handley
1-800-505-1962 or
E-mail at lhandley@handleygroup.com

We will give you a realistic range of value for your business - absolutely Free.

Ready to Sell Your Business?