The BizBuySell Small Business Community

  • Get Expert Advice

  •  • Find Local Service Professionals

  •  • Share Your Experiences

Does anyone have experience in no money down deals?

I have talked to a few sba lenders and they said the down payment can come from investors or seller carry. Yet, some brokers say they want 20-30 percent before even talking to me. So which is it?

No User Photo

Answer This Question

max 5000 characters

Web Reference (optional)

e.g., "www.mywebsite.com"

Review Community Guidelines

Help keep our Community clean and on topic. The BizBuySell Community is a place where you can discuss your questions, concerns and knowledge with others you can trust. It is not OK to use this forum to solicit others for personal or financial gain, or to rant about personal issues. It's all in the guidelines.

Submit Your Answer
Answers (1)
No User Photo
The BAF Group LLC
MD

Andrew, I sent you a fairly lengthy email early this morning about this issue. The SBA is going to want 30% down, some of which can come from a second note from the seller. But there is no way that the SBA will do anything with allowing you to obtain one of their loans, with nothing down. The only kinds of deals where you can come in with nothing down, are those people perhaps in your own family that have a business and know you exceedingly well, or from the seller for whom you have had a long-term relationship and knows you well enough to take that kind of a risk.There are simply no free lunches in this scenario.

Aug 26, 2016

Start a Discussion