LoanBud Unveils Acquisition Financing for Small Business Buyers

Many traditional lenders prioritize multimillion-dollar transactions, leaving viable smaller deals without a clear path to funding. Burke Purcell, founder and CEO of LoanBud, argues that a $250,000 purchase carries the same weight for the buyer, seller, and staff as a larger corporate merger. By introducing a non-SBA option, the firm aims to evaluate transactions through multiple channels rather than forcing them into a rigid, singular lending box.

The program requires a minimum 15% equity contribution from the buyer and operates without real estate collateral requirements. LoanBud targets a closing timeline of less than 30 days, aiming to reduce the friction and uncertainty that often derail small business sales. This initiative complements the lender's existing SBA capabilities, allowing brokers and buyers to secure financing commitments with greater speed and predictability.