Buying a business is a different transaction.
Acquisition financing is not an equipment loan or a working capital line. It is more involved, needs more information, and is assessed on the business and the buyer together.
What acquisition financing involves
What lenders typically look for
Acquisition lenders may require substantial buyer equity, historical financial statements, strong credit, net worth information, debt-service analysis, a business plan and projections — depending on the transaction and the lender.
Requirements are not identical between lenders. We will tell you what the relevant program actually needs rather than giving you a generic checklist.
CBB does not promise acquisition financing, and we do not publish approval rates. Whether a purchase can be financed depends on the business, the buyer and the lender's criteria.
Different from selling equipment?
Yes — entirely. Selling a business involves valuation of a going concern, qualification of buyers and a due diligence process. If you are selling rather than buying, use the sale enquiry instead.
Selling a business
Business acquisition enquiry
Tell us about the opportunity.
This is a separate enquiry from a standard funding application. Tell us about the opportunity and we will come back to you.