Closing Cost Range (Excluding Down Payment)

Member resources:

Frequent asked questions:

What is Searchfunder.com?

Searchfunder.com is an online community of searchers, investors, lenders, brokers and other professionals. Over 80% of those involved in searchfunds maintain a Searchfunder account to help them network, hire, and mentor others.

What are the benefits of membership?

In addition to accessing the most active online network of business buyers, Searchfunder licenses research that is simply not cost effective for individuals. Access over 15,000 industry reports and 50,000 transaction financials. You also get monthly credits for contact information for your company sourcing campaign with the option to purchase more at drastically discounted rates. Searchfunder has pre-purchased access from these data providers in order to empower individual buyers and to help searchers level the playing field versus private equity.

Do you have deals?

While we are primarily a buy-side network, we do have hundreds of brokers that regularly post deals to the community.

Can I find an internship on Searchfunder?

Absolutely! We have the industry's largest intern job board. If you are considering a search, the first step is to help another business buyer so you can hit the ground running.

What does it cost?

Searchfunder is a subscription service. We offer flexible monthly, annual and lifetime memberships.

Monthly

$79 / month

Annual

$19 / month

Lifetime

$432 / once

Those who maintain an account with us for over 4 continuous years are permanently added to the community without the need for a membership.

Do I need an MBA to join?

While a large number of our members come from dedicated programs at Harvard Business School, Stanford GSB, Chicago Booth, and other top programs, searching is no longer reserved for the elite. With the current abundance of dry powder in private equity, and an increasing number of business owners reaching retirement age, good deals rarely go unfunded.

Post a question, deal, job, etc...

Make a post...

Complete registration to post.

by a searcher from The University of Chicago - Booth School of Business
in Rochester Hills, MI, USA

6mos ago

Closing Cost Range (Excluding Down Payment)

For those who’ve recently closed on SBA, what’s the usual closing fee % range excluding the down payment but including all other costs (lender fees, title, escrow, legal, etc.)? Business includes real estate as well.

0 Likes

133 Views

reply by a lender 6mos ago
from Cornell University in Los Angeles, CA, USA

Hi ^redacted‌ - nice to meet you and happy to answer this. As a rule of thumb, SBA closing costs typically run about 2% of the total project cost. These costs are usually rolled into the loan, along with the SBA guaranty fee. I would also strongly recommend building in working capital or a line of credit at closing. It is much harder to obtain additional financing after the deal closes, since the business is treated as a startup until it has two years of operating history. We have a lot experience financing various companies via the SBA. If you ever need help talking through a deal, I am happy to help. We work with all the major SBA lenders. The bank pay us after your loan closes, so this is a 100% free service for you.You can email me directly at redacted or schedule a meeting with me: redacted. Look forward to chatting!

reply by an investor 6mos ago
from McGill University in San Diego, CA, USA

This sheet by Sam Rosati might be useful redacted