An initial enquiry should be a 'soft credit check' that does not leave a mark on your credit file. A formal application should only proceed after you have seen an offer and given clear consent.

Yes. This is the most common and effective way to structure an acquisition loan. It allows you to secure finance without using your other business or personal assets.

Absolutely. We specialise in structuring finance for management teams buying out owners, offering a range of suitable loans, and can create a solution that ensures a smooth ownership transition.

While traditional banks can take weeks, a well-prepared application submitted through our platform can be approved in as little as 24 to 48 hours in some cases.

An initial comparison on our platform only involves a soft credit check, which does not affect your rating. A hard inquiry is only performed when you submit a formal application to a lender, which is why it's crucial to apply only when you're confident.

A buyer often sees a business's 'potential for growth,' but a lender sees 'unproven revenue streams.' Lenders calculate value based on proven historical performance, focusing on metrics like EBITDA or net profit. They need to be confident that the existing, reliable cash flow can comfortably cover the new loan repayments on its own. Businesses demonstrating strong profits, low ATO debt, and solid client retention will always be valued more highly by lenders than those based on potential alone.

Yes, franchise purchase finance is a common type of business loan. Lenders often view established franchise systems favourably due to their proven business models and established processes.

A secured business loan is backed by an asset (like the business's equipment), which reduces the lender's risk and typically results in a lower rate. An unsecured business loan does not require specific collateral and is based on the business's cash flow and credit history, carrying a higher rate. We can help you compare both types of loans.

Yes. The new business loan can be structured to pay out the previous owner's debt, such as a manageable ATO position, as part of the settlement. The lender will assess if the business's ongoing profitability can service the new, larger loan amount.

When assessing different loans, it's vital to look beyond the headline rate and consider all associated fees. Common business loan fees can include establishment or application fees, ongoing service fees, and early repayment fees. Some lending products may also have valuation fees if property is used as security. Understanding these fees is critical to calculating the true cost of the finance over its entire life.

You will typically need 2-3 years of financial statements from the target business, a signed contract of sale, your personal tax returns, an asset/liability statement, and a comprehensive business plan outlining your strategy post-acquisition.

Goodwill represents the intangible value of a business, such as its brand reputation or client base. Lenders often don't look at it favourably unless there is a clear justification for why a buyer is paying a premium. You need to clearly demonstrate why 'Goodwill' is factored into the sale, for example, if the previous owner is staying on for a period to assist with the transition.

Yes, and this is highly recommended. Ensuring the business has a working capital buffer is imperative. Your finance can include an additional amount to cover the costs associated with the transition and allow for trial and error as you implement changes.

The best way is to compare multiple options from a range of bank and non-bank lenders. A good deal isn't just the lowest rate; it includes favourable terms, minimal fees, and a structure that suits your business's cash flow.