Here’s what to expect
Your business banker will want key financial information about the business you want to buy.
This could include:
- cash flow
- sales forecasts
- growth potential
Your banker will be looking for a sound business with healthy cash flow to make sure you’re able to repay the loan.
You’ll need equity in your business, which means you’ll need to invest your own money.
You may also need to provide security for your loan, which could include, for example, a residential property, or business or other assets, such as a share portfolio.