Whether you're planning on buying your favorite neighborhood laundromat or expanding your network of Krispy Kreme donut franchises, you're probably going to need some type of business financing. If purchasing a business, you will likely need acquisition financing, but beyond that, you'll need readily available capital so you can invest in inventory, facilities, marketing, and staffing to ensure a profitable and growing business.
Depending on your circumstances, you may either want to pursue a Small Business Administration (SBA) government-backed loan, a traditional bank loan or line of credit, a cash advance, or a line of credit or loan from an alternative lender. The choices may seem overwhelming, but you can narrow them down by asking yourself a few critical questions:
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