New SBA Lending Guidelines For Buyers Of Small Businesses

ATLANTIC HIGHLANDS, NJ. – January – Despite popular belief, there is still plenty of money available to finance business acquisitions. Lender terms have grown more strict, but not restrictive. In August 2008, the SBA lengthened the pay-back period for business acquisition loans from seven years to ten years – a 43% increase. This will make buying businesses considerably easier. Furthermore, lender interest rates are lower now than they were ever before. In December, the typical rates were 6%. Both factors combined provide a considerable relief to any business buyer!

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