What it is
Buying a business or a franchise is a use of funds, not one uniform loan. People pay with a term loan, a seller note, an SBA-guaranteed loan, or a mix, and each note has its own repayment schedule. It is commonly used when there is a specific purchase in mind.
What's typically needed
- Latest three months of business bank statements
- Time in business
- A government-issued photo ID
- A short description of the purchase. This form does not collect the contract.
Start application
Applying has no impact to your credit. Submitting this form does not pull a credit report.
Related: Compare options · All loan types