We are stoked to announce our partnership with Boopos to offer our Pro and Premium acquirers on BitsForDigits a new acquisition financing option. In many ways a more compelling alternative to the US’ Small Business Administration loan.
Boopos provides non-dilutive revenue-based business acquisition financing for eCommerce and SaaS businesses. Funding up to 80% of the purchase price with a cap of $2M per business purchase means a majority of mid-size to lower end of the deal spectrum on BitsForDigits is eligible to apply.
Most small business acquisitions don’t often qualify for bank financing, and help from SBA loans can be slow and require personal guarantees. With Boopos, buyers and sellers can submit their business acquisition loan application and get funded within 7 days. In short, a complete game changer for buyers around the world!
Once a business listing is approved for acquisition financing via Boopos, it will get a pre-vetted badge on the Marketplace to signal to buyers that it is eligible for financing. Acquirers who want to take initiative can reach out to the seller and proactively apply for acquisition financing via Boopos together with the business owner.
The process is simple:
If you have questions about any of the steps of the process, drop us a line at firstname.lastname@example.org
Florida-based Boopos was founded in 2020 and has fundraised $94M in debt and equity financing to offer non-dilutive acquisition financing to buyers all over the world so long as the acquiring entity is set up in the US.
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