But, before you go on a shopping spree, make sure the business you're buying has at least 18 months of revenue history and has made over 100k in the past year. And don't worry, we won't leave you high and dry with the cost. We'll cover up to 80% of the purchase price, but no more than 2 million dollars.
The rest is up to you, because we want you to have a vested interest in the success of the purchase. And don't worry about paying us back, we'll just take a percentage of the revenue from the business you bought. If the business is making money, you'll pay us back. If not, well, we'll just have to wait and see.
But, if you manage to pay us back 1.15x the money in the first year, we'll consider the debt closed. We also have a catalog of pre-approved businesses for you to choose from, so the approval process will only take 7 days. But, if you have your heart set on a business that's not on the list, it'll just take a little longer for approval.
And don't worry, we'll just need to connect to your accounting systems and professional networks like LinkedIn, so we can make sure you know what you're doing. Insight Out received its first seed investment of $2 million in August 2021 and has since approved $280 million in loans to a thousand businesses.
And, our investors must think we're doing something right because they just gave us another $58 million, $50 million of which is in the form of loan debt. So, don't be left out of the buying-other-businesses trend, let Insight Out help you acquire your very own business empire. You know you want to, just remember to call us first.