LoanBud Launches New Non-SBA Financing Program for Small Business Acquisitions
LoanBud has launched LoanBud Acquire™, a new non-SBA financing program aimed at supporting the acquisition of established small businesses. The initiative addresses challenges in financing smaller business acquisitions by offering $100,000 to $350,000 for qualified buyers who lack access to traditional lending options that often favor larger transactions. The program complements LoanBud's existing SBA-based offerings and provides flexibility by allowing multiple financing paths. It is designed with a 15% equity contribution requirement from the buyer, no real estate collateral needed, and targeted closing timelines under 30 days for eligible deals. The company aims to reduce friction in business sales by providing early clarity on financing viability. LoanBud Acquire™ supports Main Street businesses by enabling more entrepreneurs to acquire viable small enterprises without relying solely on SBA programs or conventional lenders that may overlook smaller transactions.
Topics: financing_programs M&A small_business