SBA Authorizes 100% Financing for Employee to Buy Business.

Business owners can now sell their business to an employee with 100% financing.

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SBA Employee Acquisition Loan 

The Buyer's/Employee's SBA loan covers 90%, while the Seller/Employer holds a note for the remaining 10%, which remains on "standby" for the initial 24 months. The Employee's collateral is their experience.

Preserve Liquidity

Employee buys employers business with 0% down and EVEN with poor credit.

Buy a Business With Real Estate

Gain the stability of a fixed location, avoid rent increases, and receive tax benefits with equity appreciation.

Extended Loan Terms

Enjoy lower payments with loan terms of 10-years to 25-years and SBA-backed interest rates.

Loans Up to $5 Million

Pursue larger acquisitions with the simultaneous closing of an SBA loan and a conventional bank loan.

Pre-Requisites for Employee Acquisition Loan

Employee purchases the business with $0 out-of-pocket, up to $5 million, with no required minimum credit score and no requirement for personal collateral. Additionally, there is no requirement for post-closing liquidity.

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  • No Minimum Credit Requirement
  • no requirement for personal collateral
  • no requirement for post-closing liquidity
  • SBA loan covers 90%, and the Seller holds a note for 10%
  • Use of Funds: Business Acquisition, may also include Working Capital, Inventory, Equipment, Commercial Real Estate (owner-occupied), Renovation, Leasehold Improvements
  • Notes: The business being purchased must be profitable enough to support the repayment of the buyer's SBA loan;
  • Buyer/Employee must have transferrable experience.
  • The Buyer's SBA loan covers 90%, while the Seller holds a note for the remaining 10%, which remains on "standby" for the first 24 months.
  • During this period, to meet SBA eligibility, the employee, now the Buyer, cannot make payments, although interest can accrue; after 24 months, the Buyer can begin making payments on the note.

What Sets Us Apart

  • Pre-Qualification Assistance: Our team of experts assess your SBA acquisition loan eligibility before you begin the application process and guide you to a successful closing.
  • Loan Documentation Support: We assist you in preparing and submitting all the necessary documentation for your SBA business acquisition loan application, minimizing errors and delays.
  • Industry-Specific Expertise: We have extensive experience across various industries, enabling us to provide specialized guidance and support tailored to your business type.
  • Our Team of SBA Bankers: Started by former SBA bankers, Spartan understands all aspects of lending. We’re your advocate, and we get it right the first time.

Benefits For the Seller:

  • Ensure continuity of the business's core values and culture.
  • Accelerate the business sale timeline by not having to search for a buyer.
  • Avoid traditional business broker fees (typically 10% of the sale price), keeping more money in seller's pocket.
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