We have formed numerous relationships with various outside lenders who are comfortable and familiar with financing of accounting and tax practices. These lenders understand the process and understand the transaction. Rates and terms may vary, but typically, the lenders are able to finance these acquisitions over a 10 year term, with rates hovering around 5%-6% with no prepayment penalty. They can also loan additional funds for working capital and equipment if needed. In order to qualify for these loans, the buyer will need at least a 10% cash injection, have a solid credit history and have experience in public accounting. Lenders will look at other factors as well, but the biggest qualifiers are mentioned above.