Want to buy a small business? A business acquisition loan could help

If you're looking to buy a small business , here's the good news: You don't need to be a massive corporation to do it. The catch? You may still need access to a significant amount of capital. While some business purchases can be made without paying entirely out of pocket (think seller financing or crowdfunding ), those deals can take a ton of time and negotiation. If you want a more straightforward path to funding, a business acquisition loan is worth considering. Business acquisition loans What's a business acquisition loan? A business acquisition loan is simply a loan that's used to purchase a company, including owning a franchise or buying out a business partner. Similar to a personal loan , business acquisition loans get repaid in fixed, equal monthly increments over an agreed upon period of time (plus interest). The advantage here is that you don't need to risk your own cash to purchase a business. You will, however, need to budget for repayments, while also supporting the cost of operations for your newly acquired business. You can use the loan to acquire a business whether you're an investor, a small or large business yourself or just an individual who wants to buy a company that's already up and running instead of starting your own from scratch. Where to find a business acquisition loan You can get a business acquisition loan through programs backed by the Small Business Administration (SBA), as well as through banks, credit unions and online lenders. …