Behind the Scenes of Business Deals

>> YOUR LINK HERE: ___ http://youtube.com/watch?v=uxvM-Oc34_g

All lenders are different. You send that stuff in and they'll give you a term sheet, their LOI, to do the deal subject to due diligence. They go through DD, legal DD, financial DD, commercial DD. They'll draft legal contracts, warranties, indemnities, etc. Once everything's ready to close, the day before, the bank or SBA lender wires money into escrow. It's held until you're the legal owner of the business. • #BusinessDeals #DueDiligence #LegalProcess #Escrow #EntrepreneurLife

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