Will I need to finance the portion of the transaction?

    Majority of the businesses sold usually has some Seller financing & is paid through the earnings of the business. Banks are reluctant to finance business purchases for several reasons. The prevalent reason is that all small business shows minimum profits on financial statements to minimize their tax liability. The banks cannot step in and manage the business if a foreclosure becomes necessary. This is the reason why 90% of the businesses sold have some or all owner financing, which demonstrates their confidence in the success of their businesses..