Financing the Purchase of an Existing Website :: Sell Websites Buy Websites

Financing the Purchase of an actual WebsiteReprinted with permission of VotanWeb.comIf youre thinking about secureing a website, youll be successful to learn that financing the purchase is generally quite easy. In fact, its faraway simpler to get the money you need to buy an existing website than it is for a turn up up. Most passel simply dont realize how to do it. Dont get the malign idea youre not going to buy a business, at to the lowest degree a good one, with no money down that only happens in the infomercials on TV. some(prenominal) prospective website buyers mistakenly believe that traditional lenders leave behind welcome them with open arms when they present them with a website theyre looking to acquire. Unfortunately, vigor can be farther from the truth. It still amazes me how the banks have got most people fooled. They run these great ad campaigns promoting themselves as business friendly nevertheless try to get them to lend you money to buy a website. It wont h appen. It doesnt head how lived you are, or what your relationship is with them. Unless youre prepared to pledge the loan cytosine% with personal liquid assets, they arent going to give you a penny. So dont tempestuous your time seeing them. With the terms they offer, its just not worth it. The lilliputian Business Administration does NOT lend money for people to buy businesses. The SBA guarantees loans made by lenders (up to a certain amount) for small business attainments. thither are both good and bad points to an SBA loan. The good news is that there is money available up to $1,300,000 The terms for repayment are favorable-upWhen a business passes the SBA qualifications, you can be fairly confident that it is a unhurt business If you do not have at least 25% equity in your home, you may not have to fully collateralize the loan. Typically, they will finance 70-80% of the deal. You may be thinking, if you can make the acquisition with 20% down, why would you even think ab out anything else? Heres why Many small websites wont pass the SBA requirements The financial review is based upon the weakest of the past 2 or three years tax returns You must have demonstrative experience in a business that is similar to the one you are considering