How to Borrow to Buy a Business with Undeclared Revenues - How To Buy a Business

Jolson wants to know how to convince a bank to make a loan for him to buy a business.  The problem is that the seller has not been declaring all the revenue and the financials look awful. 

What is a prospective buyer to do?

Great question… I love these kinds of sellers.

Why? Because they’ve made their businesses un-bankable by their tax-swindling ways. 

The only way they’re going to be able to sell their business is if the financing is provided in a different way which can be great news if you’re a buyer.

Let’s face it, banks can be difficult and time-consuming to deal with.  I always prefer to do a deal without them when I can.

Learn more about what I mean in the video I recorded to respond to Jolson.

Watch the video here: https://youtu.be/8pVgc2u07pU

Learn more about how to buy these types of businesses at www.BusinessBuyerAdvantage.com where you can access tons of information and enroll in my online course.

In fact, it’s so awesome that most of the people who enroll also sign up for my follow-up mentoring program to help them prepare to actually do a deal.  (The course is a great value and comes with a 30-day money-back guarantee!)  You can see how my whole buyer system works in this video from a few weeks ago: https://youtu.be/ooixMSaFf6Y

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Go to www.DavidCBarnett.com and sign up for my weekly e-mail to receive my videos three days before they go public as well as other exclusive offers. Easy unsubscribe at any time as I use MailChimp.

I’m coming to Moncton, NB on March 30 and Toronto on May 10.  Seats are already filling up.  Find all my live events here: http://davidbarnett.eventbrite.ca .    

The Centre for Entrepreneur Education and Development in Halifax will be having me do two workshops in Halifax, NS on April 10.  Visit http://www.CEED.ca for more info.

Thanks and I’ll see you next time.