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Q: I have a question about SBA qualifying: 3 years ago I sold a very successful post production business. The sale was due to a horrific partnership. The buyers bankrupted the business and I never got released from my largest…

Question: I have owned and operated a Domino's franchise for five and a half years and now I have found an under-priced pizza restaurant in Hawaii. The problem is due to certain events I obtained a lot of bad marks…

Question: Hi I have really bad credit and no money at all to invest. Do you think I will be qualified to open a small business? Also I don't have any experience. Answer: I am a firm believer that anyone…

Q: How can I get the value of assets required for the business, such as transportation business? What is your take on taking over the remaining balance, payments on assets? A: You raise a very good point; however, the question…

Question: Can a person use 401k assets or IRA self-directed assets to purchase a business, without tax implications? Answer: There are a number of programs available now that offer this type of scenario. Personally, I have not used this route…

Q: I am purchasing a business with a successful 10 year track record. Purchase price is $2.8M with seller financing of $1.175. I have found a bank who will loan $975K but they want my house as collateral. The business…

Question: I am looking at buying a business where the seller is offering 30% owner financing. How is this typically structured? What are the standard variables and negotiating points? Answer: While seller financing is something you always want in a…