22 Jan Village Wellth: Can You Get Pre-Approved to Buy a Business? (Myth vs Reality)
In this episode of The 7-Minute Takeover, we break down one of the most common misconceptions in acquisitions: the idea that buyers can get “pre-approved” for financing before they have a real deal in hand.
We cover:
– Why business acquisition lending works differently than home mortgages
– What lenders actually look at when underwriting a deal
– Why “pre-approved” listings should be treated with caution
– How qualitative risk (not just ratios) drives bank decisions
– What buyers should do instead to avoid financing surprises
