Loans for Business Acquisitions
Business acquisitions typically involve the purchase of either the stock shares or assets of an existing business. Stock acquisitions typically involve the purchase of the existing owner’s stock shares of a business by a new, prospective owner. In an asset purchase, the new prospective owner will form a new entity to purchase certain assets (e.g. equipment, customer lists, trade name, goodwill) of the existing entity.
The time and energy spent negotiating a business acquisition is significant and the advice of professionals (e.g. attorney, accountant) should be sought. In most cases a third party business valuation is required. The maximum loan term for business acquisition financing is 10 years.
For more detailed information, please contact your NYBDC representative.
Learn More About:
- NYBDC General Loan Information
- Working Capital
- Refinancing Debt
- Purchasing Equipment & Machinery
- Purchasing Real Estate
- Veteran Loan Program
- Women & Minorities Loan Program
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