SBA Business Acquisition Loans
in Seattle, WA

Amount: $200,000-$5,000,000

Interest rate: Prime + 2.75% (currently 11.25%)

Loan period: 10-25 year term and amortization

Closing timeframe: 6-10 weeks

Payment frequency: Monthly payments

Prepayment penalty: None

We fund up to $5,000,000, although exceptions can be made to allow for a larger loan amount.

UCC filing on the business- Yes (This is standard for all business loans)

Personal guarantee- Yes

Business property lien- Yes

Personal home lien- Based on Individual Situation

All Radix needs for pre-approval

• Three years of personal tax returns
• Personal Financial Statement
• Three years of tax returns for the business you are purchasing and any businesses you currently own
• Year-to-date profit and loss and balance sheet for the business you are purchasing and any businesses you currently own
• Current business debt schedule for the business you are purchasing and any businesses you currently own

• Business Acquisition
• Additional Working Capital (don’t stop at just the purchase price --- Radix can throw in working capital to make sure your new business thrives)

• All standard SBA eligibility requirements apply
• Buyer must bring 10% of purchase price to the acquisition as a down payment
• Radix can help fund a business with and without real estate: with real estate is a 25-year term, without real estate, it is a 10-year term.
• Acquired business must show enough profitability that it can afford to pay back the loan. Radix will perform a full cash flow analysis to determine eligibility.

Need funding to expand or purchase a business, but don’t want to go through a full underwrite? Check out any of our other loan programs for quick and easy working capital solutions, including SBA Express, Traditional SBA, a Line of Credit, and Non-SBA working Capital.