BizBuySell and LoanBud Collaborate to Enhance SBA Loan Accessibility for Small Businesses
In a significant move to further support entrepreneurs and streamline the buying and selling of small businesses, BizBuySell, America's preeminent online business-for-sale marketplace, has teamed up with LoanBud, an innovative financial technology platform focused on modernizing access to Small Business Administration (SBA) financing. This partnership introduces a revolutionary program that prequalifies selected business listings for SBA loans, making the process of acquiring financing more transparent and accessible.
As a leader in the small business marketplace, BizBuySell facilitates over 120,000 business listings annually and receives upwards of 50 million visits each year from prospective buyers. With the newly launched 'SBA Loan Eligible' program, listings that meet specific criteria will be identified with a prominent badge. This badge indicates that the business's financials have been rigorously assessed and deemed viable for SBA financing, helping to alleviate one of the most significant hurdles small business owners face — financing uncertainty. The ability to quickly identify which listings are associated with clear paths to financing allows qualified buyers to progress with confidence, knowing they are looking at viable business opportunities.
LoanBud's innovative approach to SBA financing incorporates advanced technology and a dedicated team of specialists who guide buyers through the complex financing landscape. Namesake LoanBud’s platform enables purchasers to effortlessly apply for SBA loans associated with eligible listings, reducing the hurdles often encountered in traditional financing processes. The technology not only connects buyers with lenders but also provides expert support from the initial application stages all the way through to approval and closing. This streamlined process promises to make acquiring financing more predictable for all parties involved.
For business brokers and sellers, prequalifying a listing for SBA financing enhances visibility and credibility, thus instilling greater confidence in potential buyers. It also seeks to minimize the risk of deals falling through at critical junctures by allowing early identification of financing options. As stated by Bob House, President of BizBuySell, "We’re always looking for ways to make our marketplace even more efficient. By surfacing financing-ready listings, we’re helping streamline early-stage evaluations and support smoother ownership transitions for everyone involved."
This partnership signifies a pioneering step as it marks the first instance of listing prequalification for SBA loans in a business-for-sale marketplace. Beyond just improving operational efficiencies, this initiative is positioned to create a healthier, more efficient market by ensuring that cash-flowing businesses align with capable buyers and the necessary capital for transactions.
Burke Purcell, Founder and CEO of LoanBud, emphasizes that this partnership aligns perfectly with LoanBud’s mission to simplify the SBA financing process. "BizBuySell is where entrepreneurs discover their next opportunity, and LoanBud is where they secure the capital to pursue it. Together, we are reshaping how business acquisitions are financed in the U.S., demonstrating the tangible value that technology can bring to market operations," he remarked.
Key Features of the Partnership:
For further details about this innovative program, you can visit LoanBud.com/BizBuySell.
About LoanBud:
LoanBud operates as a dedicated financial technology platform that connects small business owners to an expansive network of lenders specializing in SBA financing. The platform is designed to streamline access to essential capital needed for acquisitions, expansions, and operational financing. By marrying technology with expert guidance, LoanBud cultivates an environment where securing financing becomes a more manageable task for entrepreneurs.
About BizBuySell:
As the internet's largest marketplace for business transactions, BizBuySell features an extensive library of listings, giving entrepreneurs millions of potential avenues for purchasing, selling, or growing their businesses. As part of the CoStar Group, BizBuySell maintains a commitment to providing comprehensive listings and expert support to users navigating the complex landscape of business ownership.
As a leader in the small business marketplace, BizBuySell facilitates over 120,000 business listings annually and receives upwards of 50 million visits each year from prospective buyers. With the newly launched 'SBA Loan Eligible' program, listings that meet specific criteria will be identified with a prominent badge. This badge indicates that the business's financials have been rigorously assessed and deemed viable for SBA financing, helping to alleviate one of the most significant hurdles small business owners face — financing uncertainty. The ability to quickly identify which listings are associated with clear paths to financing allows qualified buyers to progress with confidence, knowing they are looking at viable business opportunities.
LoanBud's innovative approach to SBA financing incorporates advanced technology and a dedicated team of specialists who guide buyers through the complex financing landscape. Namesake LoanBud’s platform enables purchasers to effortlessly apply for SBA loans associated with eligible listings, reducing the hurdles often encountered in traditional financing processes. The technology not only connects buyers with lenders but also provides expert support from the initial application stages all the way through to approval and closing. This streamlined process promises to make acquiring financing more predictable for all parties involved.
For business brokers and sellers, prequalifying a listing for SBA financing enhances visibility and credibility, thus instilling greater confidence in potential buyers. It also seeks to minimize the risk of deals falling through at critical junctures by allowing early identification of financing options. As stated by Bob House, President of BizBuySell, "We’re always looking for ways to make our marketplace even more efficient. By surfacing financing-ready listings, we’re helping streamline early-stage evaluations and support smoother ownership transitions for everyone involved."
This partnership signifies a pioneering step as it marks the first instance of listing prequalification for SBA loans in a business-for-sale marketplace. Beyond just improving operational efficiencies, this initiative is positioned to create a healthier, more efficient market by ensuring that cash-flowing businesses align with capable buyers and the necessary capital for transactions.
Burke Purcell, Founder and CEO of LoanBud, emphasizes that this partnership aligns perfectly with LoanBud’s mission to simplify the SBA financing process. "BizBuySell is where entrepreneurs discover their next opportunity, and LoanBud is where they secure the capital to pursue it. Together, we are reshaping how business acquisitions are financed in the U.S., demonstrating the tangible value that technology can bring to market operations," he remarked.
Key Features of the Partnership:
- - SBA Loan Prequalification: Business listings on BizBuySell can now undergo pre-vetting to determine their eligibility for SBA loans.
- - Prequalified Badge: Listings that qualify will display an SBA Loan Eligible badge, communicating financing readiness to prospective buyers.
- - Increased Trust: Buyers will be assured upfront about the financing potential, fostering trust and enhancing credibility in the listings.
- - Accelerated Transactions: By minimizing financing uncertainty, transactions can advance more rapidly and with greater assurance.
- - Value to Brokers: Business brokers can leverage enhanced listings, fostering buyer trust, expediting deal closures, and boosting their commission potential.
For further details about this innovative program, you can visit LoanBud.com/BizBuySell.
About LoanBud:
LoanBud operates as a dedicated financial technology platform that connects small business owners to an expansive network of lenders specializing in SBA financing. The platform is designed to streamline access to essential capital needed for acquisitions, expansions, and operational financing. By marrying technology with expert guidance, LoanBud cultivates an environment where securing financing becomes a more manageable task for entrepreneurs.
About BizBuySell:
As the internet's largest marketplace for business transactions, BizBuySell features an extensive library of listings, giving entrepreneurs millions of potential avenues for purchasing, selling, or growing their businesses. As part of the CoStar Group, BizBuySell maintains a commitment to providing comprehensive listings and expert support to users navigating the complex landscape of business ownership.
Topics Business Technology）
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