Business acquisition loans including 401(k), IRA rollovers and SBA 7(a) loans to buy a business.

William Bruce provides assistance in obtaining loans for business acquisition and expansion.  He maintains ongoing business relationships with the Small Business Administration, various banks and investment placement professionals.

One of the most important developments in recent years in business acquisition financing has been approval by the IRS for the use of 401(k) and IRA funds without early withdrawal penalties to acquire a business.  There are legal and accounting cost involved in setting up the plan, but they are a small fraction of what the early withdrawal penalty would be.  For additional information on this program, please email William Bruce from this link.

For information on which banks are currently active in SBA business acquisition lending - and it is constantly changing - be sure to email William Bruce from this link, or call him at (251) 990-5910.

To read his latest article on the various sources from which to finance a business acquisition, please go to William Bruce on Business: A Discussion.