With the economy in this country being what it is right now—full of uncertainty—it can still be a good time to buy a business, if you go about it the right way.
“Financing is difficult right now,” said Tawnya Gilreath, who works in Sales and Acquisitions at First Choice Business Brokers in Van Nuys. “The lenders have tightened up the money supply across the board, so business loans are difficult to begin with because there’s nothing to really
secure the loan. Generally they look to if the buyer wants to put a lean on their property but because property values have declined, a lot of time there is little equity remaining to use for collateral.”
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