Business Acquisition Loans in Richardson, TX
Need to buy an existing business in Richardson? Business acquisition loans provide the capital to purchase an operating company, franchise, or book of business.
Need to buy an existing business in Richardson? Business acquisition loans provide the capital to purchase an operating company, franchise, or book of business.
Overview
A business acquisition loan finances the purchase of an existing company, including its assets, inventory, customer lists, and goodwill. These loans typically cover 70-90% of the purchase price, with the buyer contributing equity as a down payment. Acquisition financing is available for asset purchases, stock purchases, and franchise buyouts across most industries.
Harvestgate Business Capital connects Richardson buyers with acquisition financing lenders who underwrite based on both the target company's historical cash flow and the buyer's management experience. We broker SBA 7(a) acquisition loans, which offer longer terms and lower down payments than conventional bank financing, plus seller-note structures that reduce upfront cash requirements.
Lenders evaluate the buyer's credit profile, industry experience, and equity injection alongside the target business's trailing twelve-month EBITDA and working capital position. Most small business acquisition financing requires a personal credit score above 680, at least two years of relevant management experience, and a down payment of 10-20% depending on loan structure.
Richardson's mix of telecom service firms along the Telecom Corridor, family-owned retail shops near Main Street, and light-industrial operations near the DART Red Line creates diverse acquisition opportunities. A buyer with operations experience in wireless infrastructure, for example, would strengthen an application to acquire a Richardson-based antenna installation company.
How it works
Start by contacting Harvestgate Business Capital at (972) 674-8105 with a letter of intent, three years of the target company's tax returns, and a current balance sheet. We'll pre-qualify you within 48 hours, then match your scenario to acquisition loan lenders who specialize in your industry and deal size.
Our checklist:
- Gather seller's financial statements and lease agreements - Draft personal financial statement and résumé - Obtain business valuation or broker's opinion of value - Complete SBA Form 1919 (if pursuing SBA 7(a) route) - Submit to Harvestgate at 200 Chisholm Pl, Plano, TX 75075, Richardson, TX
We coordinate due diligence, appraisal, and closing alongside your attorney and CPA, ensuring the acquisition of funds aligns with your escrow timeline.
A Murphy resident wanted to buy a Richardson HVAC contractor with twelve service vans and $1.8 million in trailing revenue. Harvestgate brokered an SBA 7(a) acquisition loan that covered the purchase price and working capital, with the seller holding a five-year subordinated note for part of the equity gap. Closing occurred thirty days after the signed purchase agreement.
Learn more about commercial business financing in Richardson or explore SBA 7(a) loans, equipment financing, and working capital loans. View our full service areas in Addison, Allen, and Highland Park.
Serving the Richardson area
We know which lenders fund which kinds of Richardson businesses, and we position your file where it fits.
One local broker, many lenders, and no cost to apply.
Common questions
Talk to a local advisor and get matched to the right program, no obligation.
Why Richardson owners trust Harvestgate Business Capital