What if the practice does not qualify for SBA funding?
When the practice itself does not qualify for SBA financing, the sellers are generally willing to carry a note for a reasonable part of the purchase price. Such note is generally for 2-5 years at an agreed upon rate of interest. The assurances the seller is looking for would be a good credit history, an adequate down payment, significant other assets, and buyer experience.
Related Questions
- Why has the CMR Board adopted January 1 1997 as the cut off date, after which practice experience does not qualify a practitioner for registration and they have to have an approved qualification?
- Can the AFT program enable me to qualify for an SBA loan?
- What if the practice does not qualify for SBA funding?
