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Buying a Business

Buying a business can be a very stressful time.  Huber Business Advisors brings their unique experiences of family business ownership, education, and expert level banking to help throughout the entire process.  We start with an in-depth analysis of potential business being acquired all the way through the funding process.

Typical Items needed for initial Business Review:

  • CIM/Sales Listing/General Information of Business Being Sold (if available)

    • Including Seller Proposed discretionary expenses that would not be on-going​

  • 3 years Business Tax Returns

  • Most Recent Year-End Profit/Loss, Balance Sheet, and A/R Aging Report

  • Most Recent Year-to-Date Profit/Loss, Balance Sheet, and A/R Aging Report

Personal Items needed for application:

  • Personal Financial Statement (available upon request)

  • 3 Years Personal Tax Returns

  • Resume/Bio

    • Including details on Industry Experience/Transferable Skills of targeted company​

  • SBA 1919 Form (available upon request)​

  • Details on if outside employment will continue and if so how will operate target company

  • Estimated credit score and explanation of any derogatory items (bankruptcy, charge-offs, back taxes, etc.)

Other Items that may be applicable:

  • Financial information on any currently owned companies

  • Business Plan

  • 2 Years Projections with first year month-to-month

    • Including Assumptions for the Projections​

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