This month Flippa has again demonstrated a commitment to building out a frictionless sales experience with the world’s largest network of buyers. Did you know that 4250 new verified buyers join Flippa each month?
Funding a small business is hard, but we’re here to help you get it right. With our new Guidant Financial partnership, financing solutions like 401(k) business financing and SBA loans, you can acquire a business quickly and smoothly
Identifying the right financing for you can be complex and overwhelming. 80% of entrepreneurs and buyers are declined by their local bank, and it’s difficult to know where else to look.
Guidant is now powering Flippa Financing and their team of financing experts will guide you through a quick and easy process, explaining all your options to get the money you need to acquire your next business.
Flippa Financing. A quick, hassle-free path to small business ownership
Flippa’s buyer network is one of the world’s largest! Our buyers tell us that buying a business is easier than starting one. We agree. We also understand that buying a business is not free of challenges.
As part of Flippa’s long-term commitment to building a frictionless sales experience, Flippa Financing represents the beginning of many network partnerships. Guidant Financial is a leading player in the US and we’re excited to offer our buying network easy access to their services.
Once a buyer offers to buy a business on Flippa.com, has verified its state and conducted extensive due diligence, they may need to secure a business loan to pay for and/or grow it. The process of securing a business loan can certainly be daunting – it’s hard to know where to look, let alone what to look for!
So what exactly is an SBA Small Business Loan? An SBA Small Business Loan is essentially a loan with an attractive repayment term and low-interest rate. A great option for a buyer looking to buy or grow a business, resulting funds can be used to purchase real estate or other assets or otherwise provide working capital. Importantly, these loans do not come from the SBA. The SBA merely encourages the banks to lend to small business owners with preferable terms and multiple loan options. In exchange, they guarantee guarantees 75-85% of the loan for the bank in the event of default! An SBA Small Business Loan generally requires a 20-30% down payment.
And 401(k) Business Financing? Also known as Rollovers for Business Start-Ups or ROBS, 401(k) Business Financing is a unique, lesser-known financing solution which allows individuals to tap into their retirement funds tax – penalty and tax-free. An individual under 59 and a half can use their 401(k), IRA or another eligible retirement account as capital to buy a business, without incurring an early withdrawal fee! It’s commonly used by those who do not have cash on hand to outright purchase a business, fear going into debt or do not otherwise qualify for a business loan. It’s also a great opportunity for those who have $50,000 or more in their retirement fund and wish to diversify their investments. 401(k) Business Financing can also be used to fund the 20-30% down payment requirement of an SBA Small Business Loan.
Guidant Financial are ready and very well-equipped to help Flippa buyers buy and grow the business of their dreams! Their industry expert team can provide comprehensive information and advice to buyers on how both solutions works, the do’s and don’ts, annual requirements, advantages over other options, upkeep, can dispel myths and misconceptions and advise on the best providers.