Durham Business Broker

The time required for a buyer to secure financing for a business acquisition varies depending on the type of financing involved, the complexity of the deal, and how quickly required documentation can be assembled and reviewed by a lender, but financing involving the kinds of loan programs discussed elsewhere typically takes longer than, for example, a buyer who is paying entirely with their own funds without needing external financing. This timeline affects the overall timeline for closing a deal, since a deal cannot close until financing is in place if the buyer is relying on financing to complete the purchase. For sellers throughout the Triangle who have reached an agreement with a buyer who needs financing, understanding that this stage of the process takes time, and that delays can occur for reasons related to the lender's process rather than anything related to the seller, helps set realistic expectations for the period between reaching an agreement and actually closing.