HolsumAZ.com > Contact Us > Routes For Sale
If financing is desired, it is the Buyer's responsibility and choice to arrange it. Some options include:
AHCU - The most popular financing choice is a local credit union (AHCU) that has done Holsum I/O loans for decades. Their fixed terms for commercial business loans are currently 9.5% for 7 years and 10.5% for 10 years. They require a $250 non-refundable loan application fee and a $25 membership fee. If your loan is funded, there is a 1% loan origination fee for the loan amount (less the $250 already paid) due at closing. If the Seller and Buyer submit their documents on time, AHCU loan approval takes about 5-7 business days.
Carryback - If the Seller does not have financing on his route business--he/she may choose to be the lender and agree to carryback a Promissory Note from the Buyer. The Seller and you may negotiate your cash down payment amount and terms.
Small Business Administration (SBA) - Several applicants have obtained loans guaranteed to corporate banks by the SBA to purchase Holsum route businesses. There is a specific process and business plan involved so this financing choice may take a little longer. Contact the SBA for details.
Other: Applicants have taken equity loans on their 401K or home, paid cash, or obtained loan financing from a 3rd party source, such as a family member.
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