Business acquisition loans in Syracuse provide capital to purchase existing companies, franchises, or owner-operated businesses, with terms tailored to your deal structure and cash flow projections. Myrtlefield Funding brokers acquisition financing for buyers throughout the metro, from downtown Syracuse to DeWitt, Liverpool, and East Syracuse.
Acquisition financing funds the purchase of an established business, covering the sale price, working capital, and transition costs. These loans let you buy revenue-generating operations rather than starting from scratch. In Syracuse, where family-owned manufacturers along James Street and legacy retail operations in Armory Square frequently change hands, acquisition loans bridge the gap between your down payment and the seller's asking price. Myrtlefield Funding arranges SBA 7(a) loans, conventional acquisition loans, and bridge financing, each offering different repayment schedules and collateral requirements to match your deal.
Lenders evaluate both the buyer's experience and the target company's financial health. You'll typically need a credit score above 650, industry knowledge or transferable management skills, and a down payment of 10 to 20 percent. The business you're acquiring must show consistent revenue and profitability. Myrtlefield Funding works with buyers targeting everything from HVAC contractors in North Syracuse to established restaurants in Solvay, matching your profile with acquisition financing lenders who understand Central New York's industrial and service economy.
How it works
Start by contacting our office at 731 James St, Syracuse, NY 13203 or calling (315) 862-5805. We'll review your purchase agreement, the target company's tax returns and financials, and your personal background. Because Syracuse's business landscape includes seasonal tourism operators near Onondaga Lake and year-round manufacturers in Camillus, we tailor loan structures to your cash-flow reality. Myrtlefield Funding submits your package to multiple acquisition financing lenders, comparing terms and negotiating flexibility on amortization, prepayment penalties, and earnout provisions.
A buyer approached us to finance the purchase of a machine shop in Salina serving aerospace suppliers. The seller wanted to retire but had loyal contracts and skilled staff in place. We brokered an SBA 7(a) acquisition loan that covered 90 percent of the purchase price, allowed the buyer to retain working capital for payroll during the transition, and structured payments around the shop's quarterly invoicing cycle.
For broader commercial lending options, visit our Syracuse, NY business funding hub. Explore SBA 7(a) loans in Syracuse for lower down payments, commercial real estate loans if the acquisition includes property, or equipment financing to upgrade machinery post-purchase. Review our full service areas across Onondaga County.
Serving the Syracuse area
We know which lenders fund which kinds of Syracuse businesses, and we position your file where it fits.
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Common questions
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