SBA financing for partnership buyout
Buying out a partner’s stake in your business is a big move with a lot of moving parts. The Bancorp can help you secure SBA financing to keep your buyout plan moving forward.
The SBA 7(a) loan is an ideal option for partnership buyouts.
Benefits include:
- 100% financing available when the business debt-to-net-worth ratio is at or below 9:1 before changing ownership.
- Repayment terms up to 10 years; up to 25 years for CRE.
- Loan amounts up to $5 million.
- SBA fees may be rolled into loan payment.
- Goodwill and other intangible assets can be included in financing.
- Loan proceeds can be used for a lump-sum payment or a buyout over time.
- Can be used in conjunction with the SBA 504 loan for the purchase of real estate or equipment.
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