Using part of your retirement savings to help close the funding gap for the purchase of a small to mid-sized business is an option.
You can do so without incurring the taxes and penalties that come with an early withdrawal.
However, you aren't sure exactly where to find the financing you'll need or even how to start.
I'm going to give you an overview of how to find the right bank/financial institution, SBA and conventional loans, and other financing options for gas station purchases.
Like any business, a gasoline station can be a good investment.
When stations are well located and well-run, they can generate healthy profits.
Plus, the funds are generally available within 4 weeks.
Many of my clients utilize this strategy for their down payment or cash injection into a deal.
His work has appeared in trade publications such as the "Minnesota Real Estate Journal" and "Minnesota Multi-Housing Association Advocate." Lander holds a Bachelor of Arts in political science from Columbia University.
So, you've decided you want to buy an existing gas station for sale.