The ASC Blog
Partnership Buyout? Finance is no issue with ASC
There are many reasons as to why you might be looking for commercial finance to buy out a partner in a business. But when it comes to arranging the finance, not all lenders are keen to support these types of application. Luckily, with over 45 years’ experience in arranging all varieties of commercial finance, ASC Finance for Business know which lenders have the appetite for lending for partnership buyouts.
- Two brothers were partners in a business. The elder brother wanted to retire, so the younger brother got the help of ASC to refinance the operating premises and buy out his brother.
- A client owned an investment property and needed to buy out their partner due to health issues; however the main tenant’s lease had expired and was holding over. Nevertheless, we were able to arrange a £190,000 repayment facility in order to complete the transaction.
- ASC enabled a director to purchase the entire shareholding of his company by buying out their fellow director, by arranging a £80k unsecured loan, and a £135k credit factoring line.
Whether you require finance for a partnership buyout, or any other type of commercial finance, speak to ASC. We’ll take the time to talk to you.