Business Acquisition: City Capital Finance arranges SBA loans and business loans for small to mid size business owners for acquisition of establish businesses. We can quickly process and evaluate SBA loan applications, saving you valuable time compared to some other firms. City Capital Finance works with business brokers to facilitate smooth transactions for buyers and sellers. Size of Loan $500,000 to $2 million Cash Injection/Owner equity Requirements As little as 20%, depending asset mix and business. Terms of Loan Up to 25 years depending on asset mix Loan Fees Loan fee generally 1.5% to 2.7% of loan amount Qualifying Requirements Most for-profit companies are eligible for SBA 7(a) Loan financing. Following are some of the qualifications: Retail and service businesses with receipts (three-year average) not exceeding $6 million to $20 million, depending on the industry Wholesale business with up to 100 employees regardless of sales volume Manufacturers with employees up to 500 depending on the industry, regardless of sales volume Minimum three years of business experience Like other business loans, you will be required to provide collateral and show adequate cash flow and an appropriate debt/net worth ratio. Loan Turnaround Times 10 business days for approval upon receipt of complete package 45-60 days funding from receipt of completed application package and lender approval