February 17

Financing a Business Acquisition Using an SBA 7a Loan: Auto Body Shops

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Financing a Business Acquisition Using an SBA 7a Loan: Auto Body Shops

Question: I am looking at exiting my corporate career and found a business owner retiring. He has 3 successful auto body locations throughout Southern California. I was wondering if this might be a good fit for SBA financing. He wants $6mm and he will seller carry between 15-25%. How would I go about getting pre-qualified for this?

Thanks,

Reggie

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