How much money can I obtain to buy a business?
The amount you will be able to borrow will depend upon several factors. Most important will be the lender’s assessment of how much credit you and your business can handle and repay. The cost of the business you are looking to buy or the amount of equipment you are looking to purchase will, of course, factor into this equation.
Can I receive an acquisition loan with no money down?
There are no-money-down options available, especially among online lenders. Most SBA loans require a down payment, as do many conventional lenders such as commercial banks.
Can I acquire an acquisition loan with bad credit?
You can get a business acquisition loan with bad credit. However, your financing options will be more limited than those of a borrower with a good credit score. Also, your interest rate will be higher than what a borrower with a good credit score would expect to pay due to the added risk a borrower with poor credit carries for the lender.
What credit score is needed for a business acquisition loan?

There is no set credit score required to get a business acquisition loan. However, borrowers with a good personal credit score of 700 or more will have an easier time than those borrowers with a much lower score. Your business credit score will also be considered. 

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Roger Wohlner

Written by: Roger Wohlner

Freelance Financial and Business Writer

Roger is a financial and business writer who brings his extensive experience as a financial advisor to his writing.

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Kal Salem

Reviewed by: Kal Salem

CPA, PMP and Finance Consultant

A CPA and finance professional working with small businesses to educate owners and grow alongside their businesses. Kal started his career in public accounting supporting SEC, regulatory, and both internal and external audits. He holds a Masters in Accounting and a BS in Supply Chain Management. Owner at Salem CPA...

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Somer G. Anderson

Fact checked by: Somer G. Anderson Ph.D., CPA

Accounting and Finance Professor

Somer G. Anderson has been working in the Accounting and Finance industries for over 20 years as a financial statement auditor, a finance manager in a large healthcare organization, and a Finance and Accounting professor at Maryville University.

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