Introduction
One of the smartest steps you can take before buying a business is to get prequalified for financing. Prequalification proves to sellers and brokers that you’re serious — and it helps you understand your borrowing power. At Yaw Capital, we make the prequalification process fast, simple, and confidential.
What Is Prequalification?
Prequalification is a lender’s early assessment of whether you’re likely to be approved for a business acquisition loan. It’s not a binding commitment, but it’s a critical step.
What You’ll Need
- Personal financial statement
- Preliminary details about the acquisition target
- High-level business financials (if available)
SBA vs Bank Prequalification
- SBA lenders: More flexible, but require more documentation.
- Banks: Faster decisions, but more conservative criteria.
How Yaw Capital Helps
We connect you with lenders who specialize in acquisition loans, package your prequalification materials, and deliver results quickly.
Conclusion
Prequalification is the fastest way to get clarity on your financing options. Don’t start negotiations without it.
