Buying a small business is a big decision. There are a variety of factors which must be considered as well as a great deal of information to gather and analyze.
The Arkansas Small Business and Technology Development Center offers a variety of services to individuals who are considering buyinging a business. The ASBTDC provides this assistance through training programs, tools and business resources, and counseling services.
For those who are considering a business purchase, the ASBTDC offers suggested Action Steps for Buyinging a Small Business. These steps are intended to help guide you through the process as point you towards suggested information and tools.
The first course recommended to those who are considering purchasing a business is the online "Buying a Business" course. The ASBTDC also offers other training programs of interest to those who are purchasing a business. Live classes as well as online courses are available.
The ASBTDC offers helpful information and tools to those who in the process of buying an existing small business. A great deal of information is available online.
Obtaining financing to purchase a business can be challenging. Therefore, it is important to consider the realities of obtaining financing. Information on obtaining financing can be found at the following links:
In order to locate a potential lender, a loan proposal should be developed.
The ASBTDC provides answers to common questions often asked by those that are considering a business purchase.
Arkansas residents who need additional assistance in answering questions about buying an existing business, contact your local SBTDC office.