Canadian Buying a U.S. Business: Financing Options?

October 17, 2024
by a searcher from McGill University in Montreal, QC, Canada
Hi,
Has any Canadian citizen successfully acquired a business in the U.S.? If so, were there any financing options available similar to the SBA loan that you could access as a non-U.S. citizen?
I'd appreciate any insights on how the process works and what financing options are available.
from Tsinghua University in Toronto, ON, Canada
When it comes to the larger US nationals, we found the loan size wasn't big enough and they were a lot more rigid in what they'd lend to. If it doesn't fit in a box they're used to, they won't engage past a preliminary conversation.
We didn't pursue the SBA path. While we were told from a few sources it's possible, the obstacles as a non-US citizen seemed prohibitively difficult.
Good luck!
from Ivey Business School at Western University in Windsor, ON, Canada