Specific SBA lenders who do business acquisition...Here are some parameters for business acquisition from one of my lenders:Assuming the deal debt services, can finance most CRE purchases at 100% LTV on 7a up to 5MM. They lend based on Prime, but can get aggressive on clean or competitive deals. Have found that a lot of customers will forego a lower rate in order to save on the injection. Rates are case by case, typically 1.0 - 1.5 over Prime, but can get as low as Prime minus 1.50 for the right deal/situation. Have risk-based pricing.Can potentially lend 100% on business acquisitions if the buyer is in the same industry, i.e. one company buying a competitor. Otherwise, 90-95% is typical (subject to cash flow), and can get creative on seller notes, gift funds, and outside investors. Rates are generally 1.50 - 2.00 over Prime, lower on exception.Max loan amount is 9MM on business acquisitions, including 5MM SBA and 4MM conventional. Have the ability to lend fully unsecured where necessary.Closings are 45-60 days, and this lender's process is extremely efficient. Loans are typically approved within two weeks.Ground up construction is fine, including TI's for lessees.Loan amount minimum is 500k for acquisitions/refinance/construction...but he'll look at anything....and maybe do waiver.
I have a bank that can do 100% for an aquisition
Specific SBA lenders who do business acquisition...Here are some parameters for business acquisition from one of my lenders:Assuming the deal debt services, can finance most CRE purchases at 100% LTV on 7a up to 5MM. They lend based on Prime, but can get aggressive on clean or competitive deals. Have found that a lot of customers will forego a lower rate in order to save on the injection. Rates are case by case, typically 1.0 - 1.5 over Prime, but can get as low as Prime minus 1.50 for the right deal/situation. Have risk-based pricing.Can potentially lend 100% on business acquisitions if the buyer is in the same industry, i.e. one company buying a competitor. Otherwise, 90-95% is typical (subject to cash flow), and can get creative on seller notes, gift funds, and outside investors. Rates are generally 1.50 - 2.00 over Prime, lower on exception.Max loan amount is 9MM on business acquisitions, including 5MM SBA and 4MM conventional. Have the ability to lend fully unsecured where necessary.Closings are 45-60 days, and this lender's process is extremely efficient. Loans are typically approved within two weeks.Ground up construction is fine, including TI's for lessees.Loan amount minimum is 500k for acquisitions/refinance/construction...but he'll look at anything....and maybe do waiver.
Steve Benjamin
Professional Business Loans
Irvine, CA 92620
SteveProBiz@gmail.com
https:/probizloans.net/
949-228-1050
We are a direct, nationwide SBA lender with competitive rates. Text or email me. 214-448-0888 or jjohnston@veritexbank.com
Celtic will do an SBA acquisition loan
You can't as I don't do MCA's.