Business acquisition
SBA loan for business acquisition
For a business acquisition, readiness depends on both buyer strength and the target business. Lenders often review seller financials, purchase terms, cash flow, transition risk, and the buyer's ability to operate the business.
Documents to prepare
- Letter of intent or purchase agreement.
- Seller tax returns and financial statements.
- Business valuation or lender analysis.
- Buyer resume and operating plan.
- Equity injection and source of funds documentation.
Educational preparation only. Acquisition underwriting varies by lender and transaction.