Business Acquisition Financing Loan Program

Radix Can Fund Your Business Acquisiton Today!

If your credit score is over 650 and you are looking to purchase a business, Radix can help you obtain an SBA Business Acquisition Loan.

simple

3 Step Process

Whether you are looking to grow your business through an acquisiton, or add another company to your portfolio, Radix can help!

Check Eligibility

Review the eligibility requirements below for this loan program

Apply Online

Complete the online application & submit the required documentation for underwriting

Get Funded

IT'S THAT EASY!

Frequently Asked Questions

Who is eligible?

Buyer must have a good personal credit score. Our minimum personal credit is FICO 650 for the program
Buyer can not have declared bankruptcy in past 3 years
Buyer may not have any open tax liens or taxes that are not in a current payment plan
Buyer must bring a 10% down payment to the business acquisition

What are the loan terms?

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

How much can my business borrow?

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

Will a lien or personal guarantee be required?

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

What documentation is required for underwriting?

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

What can I use the funds for?

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)

Additional program rules

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.

Are there any alternative options?

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.