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How long should I expect to be paying off a loan for an existing business? 6yrs? 10?

Prices are all over the place for C-stores, and so are the different pricing models. I can get more if I pay longer, but when should I realistically expect to own my business fully?

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Answers (3)
Michelle Orr
Wells Fargo SBA Lending
Business Development Officer
Fairfield County, CT

Thomas-
If you are asking how long of an amortization you can get for a small business loan to purchase a C-store, that will depend on the assets included in the sale. A c-store with real estate will have an amortization upwards of 20 years, and no balloon using a SBA loan. A c-store that does not include real estate will have a 10 year amortization, and also no balloon.
If this wasn't the question you intended, please contact me directly at 203-345-6118 or by email to morr@orrcommercialcapital.com.
Best regards,
Michelle Orr

Jun 22, 2009
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The BAF Group LLC
MD

Thomas, C-Store prices are not as elastic as you think. The ASKING prices may be all over the place, but the SELLING prices are usually, really very narrow, as a rule. Do some research about SELLING prices and talk your actual offer over with your Broker and/or Accountant. You need to make the offer based on the Cash Flow (when you are talking about a C-Store,) and not what the Seller or his Broker wants! Because the asking price and what is realistic may not be in the same ballpark.

Jun 22, 2009
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How to Buy a Business
WA

It all comes down to what you can negotiate. I have seen terms from 3 to 10 years.

Jun 22, 2009

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