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@christopherc I think you could find financing for the down payment from silent investors, but you’ll have to be willing to give up equity. If the down payment is $100k and you can only come up with $20k expect that you’ll only receive 20% of the business. Seller financing would be your ideal...

@christopherc In my deal I did the above, except I added back in the salary I planned to pay myself and offered a multiple on that. If the owner is involved and not fully passive their salary still needs to be replaced. All of their excess compensation I paid a multiple on.

@catslock1 Who is your banker, I need to talk to them!!!

@catslock1 Is it for commercial real estate or a business acquisition?

@catslock1 Interesting, I just did an SBA loan and I was under the impression there was no leeway on the bank side to write it 100% due to SBA requirements. I believe 10% is required down and up to 5% of that can be from the seller chipping in, but their 5% would be on full standby until the...

@west07 I only share the full P&L with my key employees. So right now only 3 people get access. They are the ones who make decisions on a daily basis that impact the financials. We budget annually and there are bonus incentives tied to those metrics for them. I give a high level overview to the...

@honeysuckledreams +1 to this comment. There are a lot of investors out there that do this.