Buying competitors is often the fastest way for a small company to grow, and with access to a variety of loan types, Ultegra Business can help you find the perfect loan to grow your company.
Buying competitors is often the fastest way for a small company to grow a business
How it Works
Acquisition financing is when one company aspires to purchase another. This type of loan often requires immediate access to significant resources, and is often structured using a combination of loan types. Depending on the size of the business, money may be drawn against a business line of credit, or requested in a more traditional long-term structured loan. Occasionally the business being acquired can provide significant assets to help collateralize in transaction, and as a result the APR on acquisition financing loan may be lower than other loan types. There are a variety of considerations when looking to acquire another business, so be sure to discuss all options with your lender. Call 1.888.893.6828 for a complimentary business analysis meeting with Ultegra Business.
Qualifying for an Acquisition Loan
Depending on how the loan is structured, qualification criteria can very significantly. Businesses with lower credit ratings will require the majority of the loan to be collateralized, whereas businesses with higher credit ratings may be able to acquire financing solely based on credit. The total amount that you will be able to finance is based on the structure of the business.