Eight Percent of Business Sales have SBA Backed Loans

We had a very good presentation from the folks at Wells Fargo regarding SBA loans. It's true that only eight percent of business sales involve SBA backed loans. Another ten to twelve percent of sales are for cash. That means the vast majority of business sales involve owner financing. While many business owners are reluctant to offer financing it can be a great deal since the percentage is going to be far higher than you could earn in a CD or money market account. Even if owner financing isn't offered...it can always be a condition of an offer.