A business is for sale for 1.5 Million Dollars. What does a prospective buyer need to put up as a down payment on the business loan in order to buy the business?
You need to talk to the seller. They may want the entire sale amount paid at the time of sale (closing). They may be willing to self-finance with a large down payment.
I would begin by communicating with the seller and or their broker. If they are selling a business for over a million dollars, they should have a broker / representative that you can talk to and discuss terms.
