Buy an Existing Business

SBA Small Business Loans

Are you ready to become your own boss? Rather than going the risky startup route, have you considered buying a currently operating business? There are many existing business for sale that are stable and healthy and therefore can provide an immediate income to you without going through the lean, difficult years of a typical small business startup. Think about a business acquisition today.

SBA Small Business Loans

Basic Qualifications


5+ years




>660 FICO

Funding Parameters


$250k to $5m


10-25 years


from Prime + 2.75%

Processing Speed

30-60 days

Typical Application Requirements

  • Basic credit application
  • SBA pre-qualification application
  • 2 years of business and personal tax returns
  • Government issued photo ID
  • Voided check or bank letter

About SBA Loan Programs for Business Acquisition Purposes

Funding can be accessed to buy an existing business or perhaps to buy out a partner on your current business. The most popular program is the US Small Business Administration (SBA) 7(a) loan program. This SBA financing for business acquistion has some very attractive features that you should know about:

  • loan-to-value (LTV) of up to 90% means that you may only need to produce 10% of the purchase price from your own cash/funds (which may include a seller note of 5%)
  • highly competitive FIXED interest rates on terms up to 10 years (no real estate involved) or 25 years (with real estate)....not really a bridge loan for business acquisiton but true long-term financing
  • very light pre-payment penalties in the first three years (and none after that)
  • it is often possible to lend substantial amounts against company goodwill (which is essentially unsecured lending)
  • large loan sizes: up to $3 million without real estate and up to $5 million with real estate

Furthermore, all of the above can be done at a speed well ahead of traditional bank lending programs. With SBA Preferred Lending Partners (PLP), it is typical to see a proposed loan sheet within 48 hours and, upon successful underwriting, a deal closing within 45-60 days. In contrast, a typical big bank is not highly focused on SBA loans as it is merely one of their many offerings and thus SBA lending is a slow process. Work with SBA experts at Kirksley and you will reach your business goals sooner.

Additional Funding on Top of the Entity Acquisition Amount

On top of the cost of acquiring the business, it is also quite possible to add funds in order to provide a healthy amount of working capital/liquidity after purchase and/or funds for the procurement of important business equipment for the profitable continuation of the ongoing operation. This also applies if you already own your business and just need additional capital with no fuss.

With our Express / Rapid SBA program, you will have access to the fastest SBA loan with streamlined processes and documentation. Amounts between $50,000 and $150,000 are available quickly via this method.

Do you have a business acquisition target in mind but lack the cash to come up with 10% of the purchase price? Kirksley can help you access all or part of your 401(k)/IRA account balance as a source of the cash injection down payment. Please visit our ROBS - Roll Over as Business Startup page.