Business Financing
We are not bankers or loan brokers and we do not make loans, but we can help you structure purchase and financing plans and answer your questions, including:
- You want to sell your business but can't find a buyer in the open market. You may need to look in your own back yard; what about employees, or a management team? — There are options here.
- The employees or managers want to purchase the business but don't have the money. What about periodic purchases with proceeds out of the business? — There are options here.
- What if you have a third party buyer, but the buyer can't get financed — There are options here.
- How much control can you retain and what happens if the deal goes south? What safeguards can we build in?
Each plan has its own set of benefits, its own drawbacks and its own risks. The business lawyers at Williams, Welser, Kratcoski & Can, L.L.C. have faced all of these situations, and understand the legal and practical aspects of each.
Loan Agreement Terms
Another area of business financing that a business needs to be concerned with is the terms of loan agreements. These "boiler plate" portions of agreements are onerous to say the least. This is particularly true of personal guaranties.
We have been advising banks and other lenders and drafting loan agreements for years. This experience gives us a unique perspective of the legal and practical implications of the terms of these agreements, and we know that some of these terms are negotiable. Whether you are a buyer, a seller, or seeking financing from a lender, we will be happy to meet with you and discuss your particular situation.
Contact Us Today
Contact Williams, Welser, Kratcoski & Can, L.L.C. in Kent, Ohio, and arrange to meet our business attorneys. We are confident we will be able to demonstrate further the value that we bring to the table with respect to structuring the purchase, sale or financing of a business.
