By PAULETTE THOMAS
“Question: What are some creative ways to structure a purchase offer on a business? I’m trying to fund the gap between my savings, a Small Business Administration loan and the seller’s asking price. I realize the seller can take back a note. I’ve also toyed with an earn-out.
— John, Tucson, Ariz. ”
– Starting your own business is not always one of the best ways to own a business. For some people buying a business is a much better option. When you buy a business most of the kinks (hopefully) should be worked out. You have customers (hopefully) in place and your vendor relations (hopefully) are all set up and functioning well. So how do you buy (pay for) a business? Well here is an interesting option you should read about. Paying part of the sales price with payments in the future. -ed.