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BDC Capital — Growth & Transition Capital — Buying a business

0
Type
Application Difficulty
EASY
Time To Complete4 weeksProgram Budgetno cap
See If You Qualify

Highlights

This program is tailored for business owners like you who are looking to expand their reach and market presence through strategic acquisitions. Imagine having access to financing that allows you to purchase established businesses that align with your goals. This not only diversifies your offerings but can significantly strengthen your position in your industry.

The funding is structured as a loan, which means you can invest in growth opportunities without putting too much strain on your cash flow. There are no strict limits on revenue or employee count, making it accessible for businesses of all sizes. This flexibility opens doors for you to make calculated risks and smart acquisitions that set your business up for long-term success.

By applying to this program, you're positioning your business to thrive. It’s an opportunity to bring your vision to life, allowing you to take actionable steps toward growth that might have seemed out of reach before. Don’t miss the chance to leverage this unique funding to enhance your business's future.

Financing Details

This program offers grant financing. Grants are funds that you do not have to pay back, making them a fantastic opportunity for your business.

Repayment Terms and Interest Rates

Since this is a grant, there are no repayment terms or interest rates associated with the financing. You receive the funds and can use them to grow your business without worrying about paying back a loan.

Eligible Expenses

Funds from this program can be used for a variety of eligible expenses, including:

  • Equipment purchases
  • Marketing and advertising
  • Training and development
  • Operational costs
  • Research and development

Restrictions and Fees

Funds cannot be used for personal expenses, debt repayment, or any unrelated business ventures. Also, there are no fees associated with applying for or receiving this funding, simplifying the process for you.

Qualifications

  • Qualifying Criteria:

    • Available to all sectors
    • No minimum employees required
    • No maximum employees required
    • No minimum revenue qualifications
    • No maximum revenue qualifications
    • All legal structures are applicable
    • All profit structures are applicable
    • Presumed available across the country
  • Disqualifying Criteria:

    • None specified

Description

This program is designed to help you buy other businesses, expanding your reach and increasing your market presence. With this funding, you can invest in growth opportunities that might otherwise be out of reach. It's an opportunity for you to strengthen your company's position in the industry by acquiring established businesses that align with your goals.

The funding available is structured as a loan, which means you will need to pay it back over time. The details on exact amounts and terms may vary, but the idea is to provide you with the capital you need to make strategic purchases without overburdening your cash flow. This flexibility allows you to invest in what matters most for your business growth.

One of the key advantages is that there are no strict limits on revenue or employee count, making it accessible for businesses of all sizes across various sectors. You can focus on how this funding can bring your vision to life by allowing you to take calculated risks and make smart acquisitions that set your business up for future success.

Program Steps

  1. Gather Necessary Information
    Collect details about your business, including your vision for growth and the businesses you aim to acquire.

  2. Prepare Appropriate Documentation
    You will need the following documents to complete your application:

    • Business plan outlining your growth strategy
    • Financial statements for the last two years
    • Tax returns for the last two years
    • Information on the businesses you wish to acquire
    • Documents supporting the valuation of the target businesses
  3. Complete the Application Form
    Fill out the application form accurately, providing all requested information about your business and the acquisitions you plan.

  4. Submit Your Application
    Review your application package and submit it through the designated channel on the program’s website.

  5. Follow Up
    After submission, monitor your application’s status and be prepared to provide additional information if requested.

  6. Prepare for Loan Terms Discussion
    Be ready to discuss the loan terms, including repayment options and any other conditions related to the funding.

  7. Receive Funding
    Once approved, review the terms and agreements before receiving the loan to finance your acquisitions.

Visit Program Website