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Secure Individual Finance to Purchase an Existing Business

Buying a business that is already up and running can be an effective way to diversify and expand an existing operation or run your own enterprise. But to ensure the acquisition is viable and a profitable investment, the financing needs to be cost-effective. As specialists across all types of business loans, we provide expert services to source and structure workable finance to buy a business.

Depending on the type of enterprise, industry and inclusions in the purchase, loans to buy a business can include multiple different credit products and strategic structuring. With our access to over 80 lenders, over 25 years in commercial lending, and our complete portfolio of credit facilities, we have the expertise and resources to source the best rates and the right solutions.

  • Low business loan interest rates
  • Credit score not impacted
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Why Jade Finance?

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Business Loan Specialist

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Types of Ongoing Businesses We Finance

We provide business acquisition finance for enterprises of many sizes and in many industries. These include caravan parks, motels, hotels, restaurants, cages, manufacturing and processing operations, agricultural businesses, retail businesses, service stations, transport and heavy industry businesses, and professional services firms, amongst many others.

The acquisition may include the goodwill and operational structure, assets, inventory, stock, and even property. For a quote on buying a business finance, speak with one of our brokers

  • Loans to buy a business across all industry sectors.
  • Finance to buy retail, hospitality, services, manufacturing businesses.
  • Transport and heavy industry enterprises.
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Overview – Finance to Buy Existing Business

A funding solution to purchase an ongoing business can vary with the inclusions in the purchase.

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Business Purchase Components

Existing businesses inclusions may include the assets of the business, goodwill, fittings and fixtures, stock, non-asset items and premises. Different credit facilities can be required for each component of the purchase.

Machinery and Equipment

Assets may include trucks, vehicles, plant, machinery and equipment which can be used for secured asset acquisition financing. Non-asset acquisitions including goodwill only acquisitions, can be financed with secured and unsecured business loans and for some buyers, a line of credit or overdraft.

Financial Assessment

Packages are specifically structured for business property finance. Lenders will be assessing the financial position and collateral of the buyer and the cash flow strength, turnover figures, and projections of the business being acquired. Additional security may be required by the buyer.

Multiple Loan Strategy

With interest rates and loan conditions varying with different business credit products, it may be more cost-effective to include multiple loans rather than an overall funding package.

Flexible Funding for Business Acquisition and Expansion

Your Jade broker will work through the options to suit your individual requirements.

  • Business Goodwill Loans.
  • Asset Acquisition Funding.
  • Secured and Unsecured Loans to Buy a Business.
  • Business Premises and Property Loans.
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Business finance guides and resources

Our guides offer quick comparisons and simple explainers to help you rise above the financing process with confidence.

Full Selection of Loan Types to Buy Ongoing 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.

Expert Assistance to Apply for Loan to Buy a Business

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.

Calculate Estimates on Loans for Business Acquisition

While loans to buy a business can vary and involve multiple credit facilities, estimates on each loan can be easily obtained with our finance calculators. Simply enter the amounts required for the different loans and the relevant interest rates for the different credit facilities required.

While rates are subject to individual application assessment by lenders, the calculator is a useful tool to obtain quick estimates for planning and making buying decisions. Our quick quote service is available to provide those all-important specific figures.

  • Online calculator for quick business acquisition loan estimates.
  • Use for all types of commercial credit.
  • Request quick quote for specific figures.
  • Plan and prepare with finance estimates.
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THE INTEREST RATE IS CALCULATED ON A SECURED LOAN PREDOMINATELY FOR BUSINESS USE, EFFECTIVE 05/12/2024 AND SUBJECT TO CHANGE. WARNING: THE INTEREST RATE IS TRUE ONLY FOR THE EXAMPLES GIVEN AND MAY NOT INCLUDE ALL FEES AND CHARGES. DIFFERENT TERMS, FEES OR OTHER LOAN AMOUNTS MAY RESULT IN A DIFFERENT INTEREST RATE.

We work harder to secure the best rates.

Existing Business Finance FAQs

  • A number of different loan types may be required to fund different elements of the purchase. Asset acquisition funding can suit vehicles, plant, equipment and other assets. Secured and Unsecured Business Loans may be required for goodwill, stock, supplies and non-asset items such as digital resources.

  • Lenders assess the financials of an existing operation as part of the finance approval process to assess viability. The industry would not impact the type of finance but may impact interest rates, collateral and possibly loan conditions.

  • Goodwill may be financed with a Secured Business Loan where the buyer provides assets or property as security. Where suitable collateral is not available, an Unsecured Business Loan may suit.

  • Loans for hospitality businesses may include a number of individual loans such as one for the equipment, for the goodwill, and others for non-asset inclusions.

  • Interest rates on commercial loans are subject to lender assessment of the applicant. Rates vary with different credit facilities which may be required to finance a business purchase.

  • Each business acquisition is addressed individually by lenders to ascertain the most suitable financing packaging. One finance arrangement may be possible or individual loans for the different inclusions may be required.

  • Collateral requirements will depend on the type of loan and purpose. Where assets of an existing business are being financed, the assets may be accepted as collateral. Where a loan to purchase non-asset items such as goodwill is required, the buyer may be required to provide property, assets or financial holdings as security.

  • When applying for commercial finance as a self-employed operator, personal financial documents are required as part of the application process. The credit rating will be assessed by lenders. Approval is subject to meeting lender guidelines.

  • Where existing truck leases are included in a business purchase, the seller would need to finalise those arrangements and the buyer apply for new financing. Transferring finance arrangements from one party to another may require discussion with a finance broker.

  • Some inclusions in a business acquisition may be financed with either secured or unsecured funding products.