What is a business acquisition loan?

A business acquisition loan is a business loan used to buy a small business, small business idea or business franchise. The goal is to finance most or all of the business acquisition through the business loan.

Are business acquisition loans easy to get?

Business acquisition loans aren’t the easiest to get. In most cases, you’ll need a personal credit score in the mid-to-high 600s. Lenders also look for established, profitable businesses. If that’s not you (at least not yet), then take a look at our favorite alternative business loans to find some other funding options. Data as of 11/3/22.

Where can I get a business acquisition loan?

Business acquisition loans, including SBA 7 (a) and Express loans, are offered by banks, credit unions and online lenders. If you have poor credit or limited experience as a small-business owner, getting a loan to buy a business may be difficult.