If you are purchasing an existing business, please:
- Complete the "Initial Intake for Existing Businesses" form (42KB PDF)
- Complete Summary of Money Needs form (37KB PDF)
- Complete and sign the client information form (20KB PDF)
- Read and sign the 'Statement of Understanding' (43KB PDF)
- Obtain your credit report and credit score if you are requiring financing for your existing business.
- To receive a free copy of your credit report once every 12 months from any or all three of the nationwide consumer reporting agencies, click on the following link www.annualcreditreport.com
- Your credit report is free but there will be a small fee for your credit score. However, knowing your credit score is very important. Lenders will require your credit score.
- Collect 3 years of P&L's, balance sheets, and tax returns of the business you are purchasing.
- Collect the detailed information on the asking price of the business you are purchasing.
- Get a detailed listing of the assets included with the business purchase and their fair market value.
- Return all four completed forms, your credit report, 3 years of P&L's, 3 years of balance sheets, 3 years of tax returns, asking price detail and asset detail by mail only:
- NCK SBDC
606 Washington St, Suite C
Concordia, KS 66901
- Once your completed and signed forms are received by the NCK SBDC, you will receive a call to schedule a one-on-one counseling session.
- Take a look at the Checklist for Buying a Business in advance of meeting with a NCK SBDC consultant.