How to Buy a Restaurant

describe the image

Learn how to buy a restaurant from industry experts and Restaurant Brokers  Eric and Robin Gagnon. Satisfy your Appetite for Acquisition.

Click for immediate  shipment from the publisher or an instant download for your Reader, Nook, Kindle 2, iPad, and iPhone 4

Appetite for Acquisition, the We Sell Restaurants Guide to Buying a Restaurant is the winner of the Best of 2012 Small Business Book Award

Buying a Restaurant Book winner

Subscribe via E-mail

Your email:

Follow Me

Advice for Buying a Restaurant and Selling a Restaurant

Current Articles | RSS Feed RSS Feed

Buying a Restaurant with Financing From Uncle Sam

 

Patriot Express LoanHappy Memorial Day.  It’s a time when we offer our sincere thanks to the service men and women that protect our freedom.   

It’s also a good time to look at Uncle Sam for financing your dream of owning a restaurant.  Veterans, wives of fallen soldiers, and even spouses of veterans have access to at least one strong government program to aid you in buying a restaurant.  The Patriot Express loan offered through the U.S. Small Business Administration is a pilot loan initiative launched last year.

The Patriot Express Loan is targeted at those who have served.  However, even if you’ve never made it to boot camp or held a rank in the military, you may still qualify for the program to aid you in buying a restaurant for sale.  That’s because, outside of traditional veterans and service-disabled veterans, any Reservists or National Guard member may apply.  Still not meeting the grade?  If you’re the current spouse of a veteran, Reservist, or National Guardsman, you also qualify.  That includes the widowed spouse of a service member or veteran who died during service or of a service-connected disability.

You can definitely use the loan for buying a restaurant since the use can range from start-up costs to equipment purchases.  Even business occupied real estate purchases qualify so some of our restaurants for sale with real estate definitely make the grade.  The loan can cover your inventory, working capital expansion and even setting up to sell goods and services to the government.   

According to their website, the SBA Express offers “streamlined and expedited loan procedures.”  You will receive a response to your application within 36 hours – yes that’s 36 HOURS, not days.  That’s important because timing is everything when putting an offer together and moving to closing on buying a restaurant. In addition, the Patriot Express loan features the lowest interest rates offered by the SBA for business loans ranging from 2.25 to 4.75 over prime depending on the size of the loan and the length of the term. 

Want more information?  Your local SBA district office will have a listing of Patriot Express lenders in your area.

Like this article?  Use the buttons above to share with your friends on Google +, Twitter, Linked In and Facebook.

___________________________________________________________________________________________________________________________________________________________________________________________

Restaurant Brokers Eric Robin GagnonBuying a Restaurant?  Contact restaurant brokers Eric and Robin Gagnon, founders of the national restaurant brokerage franchise, We Sell Restaurants.  We are industry experts, authors, speakers and radio show hosts. Our award winning book, Appetite for Acquisition, was named Best of 2012 by Small Business Book Awards.  It's been described as "the  definitive guide for anyone looking to enter the restaurant industry!" We have listed and sold hundreds of restaurants for sale on our powerhouse restaurant for sale website wesellrestaurants.com

Comments

Currently, there are no comments. Be the first to post one!
Post Comment
Name
 *
Email
 *
Website (optional)
Comment
 *

Allowed tags: <a> link, <b> bold, <i> italics