Professionals in the restoration and remediation industry have seen a great deal of change over the years. However, a lack of financing sources or partners to the industry has seemingly remained constant.
As a business owner and contractor in the restoration/remediation industry, it is important to understand the options available for financing the acquisition or sale of a business. Buying or selling a business with cash or relying on seller financing to help facilitate a transaction are not the only choices. Another option is the Small Business Administration (SBA) loan program, which is designed to help small businesses rich in recurring cash flow but light in collateral accomplish their financial objectives.