Secure Individual Finance to Purchase an Existing Business

As specialists in commercial lending, we offer a complete portfolio of credit facilities to fund existing business purchases. Assets such as trucks, cars, plant, machinery and equipment may be acquired with the choice of Chattel Mortgage, Lease, Commercial Hire Purchase and Rent-to-Own. The assets will need to be accepted by lenders as suitable collateral and will be assessed as second-hand.

Fittings, fixtures and furnishings may be suited to asset acquisition loan products. Where not considered suitable for collateral for these credit facilities, we can source the best quotes for secured or unsecured business loans. These types of credit facilities will also suit the purchase of the stock, supplies, materials and inventory included in the purchase. Collateral for a Secured Business Loan may be provided by the goods being financed or via assets owned by the buyer.

Goodwill may be purchased with either a Secured or Unsecured Business Loan. Secured finance attracts lower interest rates than unsecured facilities. So, it can be preferable and more cost-effective, to work to meet the conditions of secured credit.

Where the purchase requires a relatively small loan and where the business has strong cash flow, a Business Overdraft may be the most suitable option. This type of credit facility can provide the flexibility to repay the loan at a timing to suit turnover rather than over a fixed term.

A line of credit may also be included in the existing business purchase finance to support the new operator over the initial stages of ownership.

When sourcing finance to buy a business, your Jade Broker will be working to source the most workable package of credit facilities. The lowest fixed rates are secured where applicable, over fixed terms, with individual structured repayment schedules. For a quote on a loan to buy a business, speak with us.

• Chattel Mortgage, Lease, Rent-to-Own, CHP to finance business assets.
• Secured and Unsecured Business Loans for stock, inventory, goodwill.
• Business Overdraft for initial cash flow support.
• Competitive fixed interest rates, fixed terms, fixed repayment schedules.

Applying for finance to purchase a business can be a complex process, depending on what specific credit facilities and how many different facilities are required. With our access to over 80 lenders, we can select the right lenders for the different elements of the financing and handle the entire funding process.

We assist buyers with what may be a complex application procedure. Lenders will require a range of documentation on both the party purchasing the business and on the business being acquired. Where goodwill is being acquired, profit and loss statements and trading figures may be required. Where assets are being acquired, details of the vehicles, plant and machinery will be required.

Financials for the buyer are required and these can include tax returns, asset and liability schedules, bank statements and similar. If the purchase is being made through a company entity, financials for the business are required. Credit scores for the buyer will be assessed.

Your Jade broker will be handling all negotiations with our lenders to streamline the application process while securing the best existing business loan interest rates. We structure loans to best meet the expectations and ensure the acquisition is both affordable and viable over the long term.

Loans may be sourced from multiple lenders, in order to achieve the most cost-effective solution for each element of the purchase. Our lender base includes the major banks and non-bank lenders that specialise in certain sectors or areas of commercial lending.

While we offer an online application process, due to the nature of the finance to purchase a business, we recommend phoning and speaking with us to apply.

• Streamlined application process.
• Expert brokers to handle buying a business loan application.
• 80+ lenders for most suitable lender, loans.
• Individually sourced and structured solutions.