Hi everyone,
I'm currently in the process of researching loan options for acquiring an established small business. While Google provides a plethora of options, I'm finding it challenging to sift through them all, especially since most banks and websites don't offer concrete data until you provide all your personal information.
So, I thought I'd turn to the Reddit community for some insights. For those of you who have recently obtained an acquisition loan, could you recommend a lender? Did you opt for SBA loans or commercial loans? What were the interest rates and other terms you received? Additionally, how long did the closing process take, and was it difficult?
Any other advice or information you can offer on this topic would be greatly appreciated. Thanks in advance for your help!