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Finance a Partner Buyout
Buy out a partner with complete confidentiality and affordable terms
APPLY NOWBUSINESS PARTNER BUYOUT DETAILS
Keep Your Business Running Smoothly During a Partner Buyout
Are you looking to buy out a partner because of retirement, disability, death or a partner dispute? Because buying out a partner is often complicated by personal factors, it is important to work with a lender who can navigate your buyout with complete confidentiality.
It’s not uncommon for lenders to call in lines of credit when they hear a partner is selling or leaving a business. This is especially true if the partner leaving has the longest relationship with the bank. If credit is called in before financing for a buyout is finalized—you may not have the cash flow to keep the business running.
Lender confidentiality is key to ensuring a smooth transition of ownership and capital during a partner buyout. As a transactional lender, Celtic Bank can help you secure financing to buy out a partner without interfering with your existing business lender.
By keeping your business affairs private, we help ensure you have the cash flow to run your business during and after the buyout. We can also refinance other loans that are under your partner’s name —giving you a clean slate as you take over the business.
Features of Partner Buyout with Celtic Bank
- Longer terms
- Lower monthly payments
- Up to 100% financing
- Lower fees
BUSINESS PARTNER BUYOUT BENEFITS
Why Business Partner Buyout Is Worth It
Fractures in business partnerships happen for dozens of reasons. Maybe you want different things out of the business. Maybe your partner has been offered a new opportunity too good to pass up. Or maybe there's been a personality conflict, and you can't get out of this partnership fast enough. If you’ve been considering buying out a partner, here are some ways it could benefit your business.
Reduce Liabilities
Typically, each partner involved in a partnership is both individually and jointly responsible for the financial burdens of the company. In addition to sharing profits and assets, a partnership also entails sharing any business losses, as well as responsibility for any debts, even if they are incurred by the other partner.
By buying out a partner you reduce this liability on both your business and personal finances. You’ll no longer be responsible for decisions your partner makes in connection with the business.
Increase Your Profit Share
Usually each of the owners in a partnership take home an equal amount of the profits. This is all well and good—if each of the owners are contributing equally to the success of the business. But if your partner is no longer pulling their weight, buying them out increases your share of the profit.
Stabilize Business Operations
Conflict in a business partnership can bleed into the day-to-day operations of your business. This can result in damage to the overall integrity of the business.
Buying out a partner can stabilize business operations in the short-term and help ensure a healthy future for your business.
LOAN SOLUTIONS A PARTNER BUYOUT
Financing Options to Buy Out a Partner
Partner buyouts can be expensive, and depending on the financial health of your business, or your seniority, other lenders may be wary of financing your payout.
But we aren’t like other lenders. We pride ourselves in finding financing solutions where other can’t. Let’s us help you finance your buyout — at the best terms for you.
SBA 7(a)
$350K - $5M | Up to 25 yrs
Stay competitive with low rates and longer repayment terms. Buy out a partner at terms that won’t slow you down.
PARTNER BUYOUT APPLICATION PROCESS
We Make Buying Out A Partner as Easy as 1,2, 3
1. Apply Online
Answer simple questions about your business and complete your loan application in minutes.
2. Get a Decision, Fast
Once you apply, Celtic Bank qualifies loans in-house, which means you can qualify for your loan in as little as 10 minutes.
3. Access Your Funds
After you have been approved for a loan and upon closing, funds are immediately available within 48 hours.
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