Using SBA Loans to Buy a Business

Between boomers seeking to cash in and fears of inflation and recession, more small businesses are expected to go up for sale. But how do you get the money to buy one of them? One excellent option, says Chris Hurn, Founder/CEO of Fountainhead Commercial Capital, is a loan backed by the US Small Business Administration (SBA). In this latest episode of SmallBiz in: 15, Chris Hurn sits down with Shawn Hessinger, the Executive Editor for Small Biz Trends to discuss this topic in depth. Other key points Chris Hurn discusses in the video are the steps small business owners can take if they’ve found a business they want to acquire and want to finance through the SBA. This includes the requirements and documents you’ll need to put together to qualify. You can catch up with Chris Hurn at https://www.fountainheadcc.com/ if you need more information after watching this episode.