We are a couple out of South Dakota purchasing an online auto parts business. The business has been in business for 20 years with the last 10 years being consistant in revenue and net profit. We are looking for $1 Million to cover the difference between the SBA loan and the purchase price.
We have a lot of business experience and have equity to back up our investment request. We are just short on time as the sellers would like to close November 1st. We are willing to share any and all information on the business purchase and our personal financials.
We are only looking to borrow the money for 6 - 12 months. The business generates enough to service the debt from this loan and the SBA.