Frequently Asked Questions

17. Can I get financing for buying an existing business?

Whether or not it is possible to obtain financing to purchase a business depends on a variety of factors including the personal financial situation of the borrower, the cash flow of the business, available collateral, business history and expectations for the future, and business purchase price. The lender will analyze the business, the borrower, and the structure of the deal to determine whether or not to provide financing.

The ASBDC recommends that you review Can I Qualify for a Loan and Obtaining Small Business Financing.

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Start Your Own Business | Buying a Small Business

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.