Buyer and Business qualified for a SBA loan and the business was transferred upon funding.
Seller was paid all cash on an Asset Sale transaction. Austin Business Brokers acted as an intermediary between the two parties.
Seller (with excellent financials) was able to get above asking price, and with SBA financing and account receivables surplus, was able to procure the business with little cash out of pocket.
Austin Business Brokers represented both the Buyer and Seller.
The acquisition was done by SBA financing. Austin Business Brokers represented both sides on the transaction.
Sold for full asking price with some Seller financing.