Buying a business is a risky endeavor - you have to place your faith and your money in a company you believe in but don’t know everything about.
Wanting to know the costs associated with this risk is natural and exactly what you should be thinking about.
如果你 have a realistic idea of the amount you will need as a down payment 收购企业, 你可以准确地指导你的搜索并提前计划.
At MidStreet, we regularly vet buyers who inquire about our available business listings. We assess if potential buyers have the necessary funds to buy and operate the business and inform them of what type of down payment they will need to provide.
来帮助你为这项重要的投资做准备, this article will cover how much of a down payment is usually required 收购企业 and what can increase or decrease the down payment.
Down payments are usually 10-15% of the total project cost, but rates can vary by lender. 的 total project cost will include all costs associated with the business sale.
Most small businesses are acquired using a loan through the Small Business Administration (SBA) 7(a) loan program, which was designed by the government to make it possible for more individuals to get approved for small business loans.
We will use SBA requirements as a basis for our examples to help you better understand how much you will need as a down payment to purchase a business.
SBA要求最低10%的首付款时，使用 SBA 7(a)贷款计划 收购企业. However, most 7(a) loans fall between 10% and 15% required down payment.
宁可失之于谨慎, you should calculate the amount you will need for a down payment assuming it will be a 15% rate. 如果你 can get a loan with a lower rate, you can adjust accordingly later on.
To form an accurate idea of the down payment you will need to purchase a business using an SBA 7(a) loan, 你可以用下面的公式:
项目成本 * 15% = 首付
Purchase Price + Real Estate (if purchasing) + Working Capital Loan (if necessary) + SBA Fees + Closing Costs = 项目成本
Here is an example of what this down payment equation would look like, 从计算项目成本开始:
$2,000,000(商业价格)+ 500美元,000(房地产价格)+ 200美元,000(营运资金)+ ~ 100美元,000 (SBA费用)+ ~10,000(结算成本)= 2810000美元(工程造价)
如果你 乘以项目成本 $2,810,000 by 15%，你会发现你需要在身边 42.1万美元作为首付. 如果你能通过小企业管理局得到低首付率, 最低首付将在281美元左右,000(折扣10%).
的re are a variety of factors that impact the down payment the SBA will approve on a loan, 包括:
有资格获得10%的首付, industry experience in the type of business you are purchasing is typically required. 另外, to get a 10% down payment everything must go well during the deal - there will be little room to account for changes in deal terms.
的re are two ways you can pay less than 10% down on a business while still technically providing 10% down - you can ask for 卖方携带 或者找一个小股东.
卖方携带 is when the owner selling you the business is willing to loan you a portion of the down payment and receive it back as a seller note once the life of the loan is complete.
This would be considered part of the equity injection and means that the seller is loaning you (the buyer) this portion of the down payment for 10 years minimum. 卖方最多只能付5%的定金, 那么剩下的5%由买方负责吗.
请注意SBA standard operating procedures state "Seller debt may not be considered as part of the equity injection unless it is on full standby for the life of the SBA loan and it does not exceed half of the required equity injection." This rule binds the seller to agree that if they contribute to the buyer's down payment, 他们要到贷款结束时才能拿到那笔钱.
在小企业管理局7(a)贷款计划中 少数投资者 可以带来一大笔首付吗. 只要小股东是不公开的合伙人, they can bring a larger share of the down payment while not giving a personal loan guarantee. This is common and a great way to purchase a business with less than 10% down yourself.
的 偿债保险比率 (DSCR) can affect the size of the down payment you will need 收购企业. 的 偿债保险比率 represents the ratio between the business’s profit and the loan payments. For instance, if the loan payments are $100 and the profit is $200 then the DSCR is 2.00.
偿债保障比率接近或为1.25, lenders may request you bring a larger down payment to reduce the loan payments.
如果DSCR为1.25, that shows that the company’s profit is only slightly higher than the loan payments, 对放款人来说，企业的风险更大.
Now that you know how much of a down payment you will usually need 收购企业 and what influences it, 你可以更好地准备.
如果你 know a 少数投资者 willing to help you fund the down payment, 你可以扩大你的购买选择. You may also encounter a seller who is willing to contribute to the down payment with a seller note.
A good business broker will set a realistic expectation of whether they think the business opportunity will be a fit for you financially by assessing your funds in comparison to the down payment, 营运资本, 以及收购业务所需的其他费用.
To find out more about how long it takes 收购企业, check out our blog “收购一家企业需要多长时间?”
如果你 are interested in buying a business and want to learn more about what type of down payment you will need, 请随意 给我们打电话 今天.