ESCOBAR AND ASSOCIATES ANNOUCEMENT REGARDING COVID-19

Escobar and Associates Attorneys at Law remains open during the COVID-19 Coronavirus pandemic. Legal services are defined as “essential” within the Stay at Home Order executed by Florida Governor, Ron DeSantis. We remain committed to providing uninterrupted legal services to all clients. We also remain dedicated to the health and safety of our clients and staff. Within the office, our firm has already implemented protocols to keep clients and staff safe during this crisis. We understand as criminal defense attorneys how crucial it is for our attorneys and staff to remain available 24 hours a day, seven days a week to provide legal services for clients in need.

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Acquiring a business? Here are some financing options

| May 7, 2015 | mergers and acquisitions

There are many considerations that go into a business’ decision to acquire another. One of them is determining how the matter will be accomplished financially. In this post we will explore three ways that it may be done.

The first is with the assistance of a bank. Depending on the specific situation various forms of financing may be available. While in some cases a conventional approach works well some businesses could find that an SBA 7 acquisition loan is a better approach.

This type of loan is insured by the government but made by a private bank. Because its purpose is to provide loans when a business has minimal physical assets, businesses that do not have a lot in the way of assets could benefit from it. Typically, in this situation, a bank will provide 70 percent of the purchase price at closing while a business provides 20 percent down. In addition, a 10 percent carry from the seller could be orchestrated.

In other situations the seller could finance the transaction. Here again a buyer must pay a down payment but the remainder of the process would be orchestrated by the seller. The terms of the agreement are completely negotiable between the buyer and the seller.

In still other situations equipment financing and conventional bank loans could be available using assets as collateral. The proceeds from that arrangement could be forwarded to the seller.

In determining the best way to finance an acquisition a lawyer can help by looking at the totality of the circumstances and providing recommendations.

  • Martindale-Hubbell | Top rated lawyer in Tampa | Richard Escobar | For Ethical Standards and Legal Ability | Martindale-Hubbell Top rated lawyer
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  • Highest Possible Rating in Both Legal Ability & Ethical Standards | AV |AV Preeminent | Richard Escobar | 2016
  • Judicial Education | AV | AV Preeminent | Richard Escobar | 2016
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  • 15 | YEAR | Anniversary | Proudly Serving | the Community | Since 2001 | Dino Mike Michaels
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