Buying a Small Business

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 Development Center offers a variety of services to individuals who are considering buyinging a business. The ASBDC provides this assistance through training programs, tools and business resources, and counseling services.

Action Steps for Buying a Small Business

For those who are considering a business purchase, the ASBDC 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.

• Action Steps for Buying a Small Business

Training

The first course recommended to those who are considering purchasing a business is the online "Buying a Business" course. The ASBDC also offers other training programs of interest to those who are purchasing a business. Live classes as well as online courses are available.

• Training Calendars

• Buying a Business online course

Articles, Information, and Tools

The ASBDC 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.

• Articles, Information, and Tools for Buying a Small Business

Financing for Business Purchases

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:

• Can I Qualify for a Loan?

• Obtaining Small Business Financing

In order to locate a potential lender, a loan proposal should be developed.

• Developing a Loan Proposal

Frequently Asked Questions

The ASBDC provides answers to common questions often asked by those that are considering a business purchase.

• Frequently Asked Questions

Answers to Purchasing Questions

Arkansas residents who need additional assistance in answering questions about buying an existing business, contact your local SBDC office.

• SBDC offices

The Arkansas Small Business Development Center is funded in part through a cooperative agreement with the U.S. Small Business Administration through a partnership with the University of Arkansas at Little Rock College of Business and other institutions of higher education. All opinions, conclusions or recommendations expressed are those of the author(s) and do not necessarily reflect the views of the SBA. It is the goal of UALR to eliminate discriminatory harassment and to promote equal opportunity regardless of race, gender, color, national origin, sexual orientation, age, religion, veteran’s status, or disability.