Buying a business
Posted On May 29, 2019
Often when you are buying a business you are consumed with making sure that you have all the necessary documents to assist you to make the deal with the financier. You constantly request time and information from the seller, for the purposes of due diligence. This is understandable as often the request won’t be reviewed without mandatory information. However, the amount of strain the seller is going through at this time includes loss of income, time, staff discomfort and customer uncertainty. These are things which financial institutions should also consider and allow certain things to be conditions that can be met, only after they are comfortable to finance the transaction.