Buying an Existing Business? 4 Ways to Finance Your Purchase
These are standard commercial loans issued directly by a bank without government guarantees. getting a loan to buy an existing business
Lower interest rates and longer repayment terms than conventional loans. Conventional Bank Loans Buying an Existing Business
The SBA 7(a) loan is the most popular choice for business acquisitions. Up to $5 million. Conventional Bank Loans The SBA 7(a) loan is
Up to 10 years for acquisitions; 25 years if real estate is included. Down Payment: Typically 10% of the total project cost.
Getting a loan to buy an existing business is often easier than funding a startup because you are acquiring proven cash flow and established operations. Most buyers combine multiple funding sources—such as SBA loans, seller financing, and personal equity—to complete a deal. 🏦 Primary Loan Options SBA 7(a) Loans
