Dreaming of buying a business instead of building one from scratch? A Business Acquisition Loan is your ticket. This type of financing provides the capital needed to purchase an existing company, letting you step into an operation with established customers, revenue streams, and processes.
Think of it like this: Sarah wants to buy a successful local coffee shop. Instead of draining her savings, she uses an acquisition loan to cover the purchase price. This allows her to preserve her capital for operational needs and future growth.
Financing a business purchase involves several key steps:
Lenders assess both you (the buyer) and the business being acquired. Key factors include:
💡 Khojie Advantage: We understand acquisition complexities and can guide you through structuring the deal and presenting a strong application, increasing your chances of success.
It varies. SBA loans can take 60-90 days or longer. Traditional bank loans might take several weeks. With Khojie's network and expertise, we aim to expedite this process significantly.
It's rare. Most lenders, including the SBA, require a buyer's equity injection (down payment) of at least 10-30%.
It's more challenging, but possible, especially if you have a strong turnaround plan, relevant experience, and good personal financials. Lenders will scrutinize the potential for future profitability.
Yes, Khojie works with lenders who provide SBA 7(a) loans, which are a very common and advantageous way to finance business acquisitions.
Don't let financing complexities hold you back. Partner with Khojie to navigate the acquisition process and secure the funding you need.
