Business Acquisition Financing
If you're a buyer with lots of available cash and no intention of borrowing to buy your target business, then you don't need to read this page. But most business acquisitions involve some form of third party borrowing. We can help you obtain the acquisition financing that you need at the best terms possible.
We can help you evaluate your financing needs and work with lenders to tailor a loan that fits those needs.
We can also work with you to package your loan request and present it to the most appropriate sources such as:
- Small Business Administration (SBA) — In most instances, the SBA isn't really lending money: It is guaranteeing loans that banks make through its loan guarantee program. But the SBA makes the rules and policies on the loans that it guarantees. One of the policies it changed recently is to, temporarily, waive most upfront fees, making SBA backed lending a great deal for business acquisition financing. You will still pay interest of course but most upfront fees are, at least for the time being, not being charged by the SBA. You still have to jump through hoops to get an SBA loan approved, and we can help you jump through those hoops.
- Traditional Bank Financing — Not all business acquisitions will fit within SBA guidelines. Even some acquisitions that do meet SBA criteria, are better placed in traditional bank business lending departments. We can help you find business acquisition financing through traditional lending channels.
- Non Traditional Lending Sources — There are other lending avenues out there for business acquisitions. For example, a lot of states provide commercial financing to attract businesses to the state or keep existing business within the state. Some counties and municipalities offer financing programs as well. We can help you find these sources, package loan applications tailored to the various lending sources, and help get your loan approved.
If you're seeking business acquisition financing, contact us for a no cost and no pressure initial consultation. Fill out this form, or call us (401-751-3320). |
