Finimpact

Resources

Here are some helpful resources that can provide guidance and support for entrepreneurs looking for help understanding business loans or acquisitions:

  1. Small Business Development Centers (SBDCs): SBDCs provide free or low-cost consulting services and training to help small businesses navigate various aspects of entrepreneurship, including business loans and acquisitions. You can locate your nearest SBDC through the SBA's SBDC Locator tool.
  2. SCORE: SCORE is a nonprofit organization that offers free mentoring and resources to small business owners and entrepreneurs. SCORE mentors provide guidance on business planning, funding strategies, and navigating the loan application process. 
  3. Business brokers: Consider engaging the services of a reputable business broker specializing in acquisitions. Websites like BizBuySell and BusinessBroker.net provide listings of businesses for sale.
  4. Industry associations: Explore industry-specific associations and organizations that offer resources and support for businesses in your target industry. Examples include the National Restaurant Association for the restaurant industry, the National Association of Realtors for the real estate industry, and the International Franchise Association for franchising opportunities. 
  5. Local economic development organizations: Local economic development organizations or chambers of commerce can provide information about regional loan programs. Contact your local chamber of commerce or economic development agency for assistance. 

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About the Author

Christopher Murray

Christopher Murray

Personal Finance Expert

Christopher Murray is a professional personal finance and sustainability writer and editor who enjoys writing about everything from budgeting and saving to unique investing options like SRI and cryptocurrency.

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