What are the options for financing outside of the SBA?

searcher profile

August 14, 2024

by a searcher from Georgia State University in Roswell, GA, USA

I’m looking for feedback on best ways to finance a business acquisition outside of SBA. The acquisition is small ($250k needed) and I’d like to move quick on the purchase which is why I don’t feel that SBA is the best route.

I see a number of “get cash quick” options but some of these seems shady and you pay high interest rates.

What suggestions are out there for quick financing through a reputable lender?

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commentor profile
Reply by a lender
from University of Minnesota in Brookfield, WI, USA
Keith - normal due diligence on any acquisition can be done parallel with an SBA closing so it is not much longer of a process compared to traditional financing (which may not be available). And non-traditional lending is going to be more expensive than SBA. We specialize in small SBA loans and can move through the process quickly. Let's chat tomorrow###-###-#### or redacted
commentor profile
Reply by a lender
from University of Georgia in Atlanta, GA, USA
Keith. This is a small deal and fits into most "business banking world". Not knowing the industry or your personal net worth. Should you have equity, collateral you can go conventional. Our bank has a "small loan SBA" platform that does not require outside collateral and is quick. SBA can be quick if your doing a small loan with a preferred lender.
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