A guide on the advantages of using business loans to buy an existing business versus starting one from the ground up, including how to choose the best type of business loan.
SBA Business Acquisition Loans $150k to $5MM. Apply online for lower interest rates and better terms. Buy an existing business or partner buyout.
Contact Us Business Acquisition Loans Finance the purchase of an existing business Up to 90% financing is available Repayment terms are up to 10 years Contact Us Find your nearest 1st Source banking center or ATM (800) 513-2360 Email Us...
Compare business loans from our partners To help you choose the best fit for your company, we’ve reviewed over 130 business loans — including SBA loans, term loans, lines of credit, merchant cash advances and more. Use our table to compare lenders, and then select Learn more to visit ...
Expand or acquire an existing business Capital expenditures, including buying or rehabbing real commercial estate Product research and development Equipment and vehicle purchases Marketing activities Pay off more expensive business debt Cover working capital shortages – pay bills and wages, buy inventory an...
Business lease If you’re buying an existing business, you’ll also be required to send: Current balance sheet of that business Three years of federal income tax returns for that business Purchase agreement with the terms of sale Asking price with inventory, machinery, and furniture Keep ...
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Secured business loans are a viable option for businesses looking for financing help, but be sure to weigh the pros and cons.— Getty Images/LiudmylaSupynska For many entrepreneurs, a small business loan is the best way to finance a new business or grow an existing organization. However,obtai...
OneMain’s auto-secured loans tend to have lower interest rates than its unsecured loans, but your rate depends on your credit history, income, expenses, debts, and other factors. The lender disburses funds within one business day of approval. But OneMain’s secured loans have a relatively ...
If you're wondering how to obtainfinancingto expand your small business, a loan from theSmall Business Administration (SBA)may be just the solution that you need. Low-interest, long-term SBA loans are a viable option for business owners suffering substantial disaster-related physical or economic ...