10K PER MONTH How to Buy a Business With NO MONEY!
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Imagine being able to buy a business without spending a dime of your own money. It might sound too good to be true, but it’s possible. Entrepreneurs who purchase existing businesses have a 90% to 95% chance of still being in business after five years, compared to just a 10% to 35% success rate for startups. And buying a business means instant income from day one!
In this article, I’ll walk you through five strategies for buying a business with zero money down, including essential steps to make it happen. From loans to investors, and some exclusive tips you won’t find anywhere else, let’s dive in.
1. Leverage SBA Loans
The Small Business Administration (SBA) offers various loan programs specifically designed to help entrepreneurs purchase existing businesses. One of the most popular options is the SBA 7(a) loan, which allows you to finance up to 90% of the purchase price. This program offers favorable terms and lower interest rates, making it a go-to choice for business acquisitions.
While you’ll typically need to provide 10% of the purchase price as a down payment, you can get creative in covering that 10%. Options like seller financing or bringing…