Most sellers will require a seller financing of 10 to 20% of the transaction price. We strive to obtain as much cash at close as possible to the seller.
It depends on the financial history of the business as well as the financial strength of the buyer. Generally if the business has consistent, ideally growing sales and profitability for the last three years and the buyer has a decent FICO score then there is a strong likelihood SBA financing can be obtained. It does however depend on the specific SBA Preferred Lender used by the buyer.