Financing Resources
Explore your options for financing a business purchase. Learn about loans, seller financing, and how to get approved.
Types of Business Loans
- SBA 7(a) Loans
- Conventional Bank Loans
- Seller Financing
- Asset-Based Loans
- Personal Loans
SBA Loans
The U.S. Small Business Administration (SBA) offers loan programs to help buyers purchase businesses. SBA 7(a) loans are the most common for acquisitions. Learn more at sba.gov.
Seller Financing
Many business sales include seller financing, where the seller acts as the lender for part of the purchase price. This can make deals easier to close and shows seller confidence in the business.
Tips for Getting Approved
- Prepare a strong business plan
- Have up-to-date financial statements
- Maintain a good credit score
- Be ready to invest personal funds
- Work with experienced lenders and advisors