LoanBud launches financing program for small business acquisitions

LoanBud announced the launch of LoanBud Acquire™, a new financing program aimed at buyers of small businesses. The program provides $100,000 to $350,000 in funding for qualified purchasers acquiring established, cash-flowing businesses.

The initiative addresses a perceived gap in the market where smaller business acquisitions can face significant financing hurdles. Many lenders prioritize larger transactions, leaving fewer options for smaller deals that may not fit standard SBA or conventional lending criteria.

"A $250,000 acquisition matters just as much to the buyer, the seller and the employees as a multimillion-dollar transaction," said Burke Purcell, Founder and CEO of LoanBud. "LoanBud Acquire™ provides qualified buyers with another path to ownership and helps more viable Main Street businesses continue under new ownership."

The LoanBud Acquire™ program complements the company's existing SBA loan offerings for business acquisitions. By introducing a non-SBA option, LoanBud can evaluate transactions through multiple financing avenues, offering greater flexibility and potentially faster closings. Key features include financing amounts from $100,000 to $350,000, a minimum 15% buyer equity contribution, and a target closing timeline of under 30 days for eligible transactions.