I bought a $2M business without a bank I didn’t pay cash either… So how did I do it? The seller and I drew up a simple payment plan to buy his business: There are 3 parts of the plan: 1/ Down payment Most banks require 10-20% cash down to buy a business. That'd be $200k to $400k for a $2M deal. But since we weren’t using a bank, we could do anything we wanted. The seller didn’t want a bunch of cash up front, and I always try to put as little cash down as possible. So we agreed on a $50,000...