Pre-LOI Closing

In this detailed walkthrough, Heather breaks down the business acquisition process into three distinct chronological phases. She warns that “pre-qualified” letters in marketing materials are often meaningless because they haven’t been vetted by a bank’s credit department. Instead, success relies on a rigorous pre-LOI review that examines the business, the buyer, and the deal structure simultaneously. By using an intermediary, you can secure multiple bank term sheets in about two weeks, whereas going solo often takes a month or more.