Buying A Business
The process by which an existing business is acquired.
It’s unlikely that you will have the means to buy a business simply with the cash in your hand – you will almost certainly need to borrow. An acquisition loan is money borrowed specifically to purchase a company or asset.
What are your options for funding a business purchase?
Traditional bank finance remains the obvious first port of call, but many alternative funding streams for purchasing a business are available, including private investors, venture capital funds and crowdfunding. The latter involves individuals or groups pooling money to finance other individuals, groups or businesses.Practical Application Example
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Examples depend on the exact type of finance chosen for funding a business acquisition. Crowdfunding, for instance, is typically done via a central platform, with multiple funders contributing small amounts towards a goal figure. ”
Choice Loans is a broker, not a lender. We will connect you with a lender suitable for your needs or, if appropriate, a specialist broker. We do not charge you an upfront fee but, if your application is successful, a broker commission may be charged.
