Our client spent his entire adult life working for a very successful restaurant in town, so when the owner was ready to sell – he stepped up to buy. The only challenge was that he wanted to finance the deal immediately following a period of time when restaurant properties took a big hit.
Despite pandemic cash-flow challenges in 2020, we were able to prove a pattern in the financials to show a continued future trend of growth for the business. That along with the buyer’s good credit, great experience, and some money down, this new restaurant owner will not only carry on the legacy, but will also do so using the cheapest money available with an SBA Loan – before rates go up for good!
If you’re motivated to take the next step towards ownership, give us a call. It is very important to consult with a professional that you trust not only to help you with the loan process, but to strategize and select the best money to suit your future. To get started on qualifying for your employee/partner buyout loan today, contact ComCapFL through our website or by calling us at (888) 959-1648. There’s no risk or obligation to explore your options!