The 7 Most Important Documents You Need to Have to Get Pre-approved for a Business Acquisition 

Before you begin the process of acquiring a business, it’s important to make sure you have all your bases covered. This includes having the necessary documents in order so you can get pre-approved by a private lender. Alta Commercial Capital has the capacity to help with acquisitions in all 50 states and can help you navigate the process from start to finish.

1. Personal Financial Statement

A personal financial statement is a document that outlines your assets, liabilities, and net worth. This is one of the most important documents you’ll need to have when applying for a loan to acquire a business. Your lender will want to see a clear picture of your financial situation and will use this information to determine whether or not you’re a good candidate for a loan.

2. Business Plan

A business plan is a document that outlines your business goals and how you plan on achieving them. This is an important document for two reasons: first, it shows your lender that you’re serious about your business acquisition and have put thought into how you’ll be successful; and second, it gives your lender an idea of what collateral they’ll have in case you default on your loan.

3. Tax Returns

Your tax returns for both yourself and your business will be used by your lender to verify your income and expenses. Lenders want to make sure that you’re making enough money to cover the loan payments and that your business is generating enough revenue to be viable in the long-term.

4. Financial Statements

Financial statements for both yourself and your business will be used by your lender to assess your overall financial health. This information helps lenders determine whether or not you’re likely to default on your loan and supports the information found in your tax returns.

5. Purchase Agreement

The purchase agreement is a document that outlines the terms of your business acquisition. This includes the price of the business, any contingencies, and the roles and responsibilities of all parties involved in the transaction. This document is important because it provides clarity regarding the details of the deal and protects both you and your lender in case something goes wrong during the process.

6. Appraisal

An appraisal is an estimate of the value of the business you’re looking to acquire. This document is important because it shows your lender that you’re not paying more for the business than it’s worth and that their investment is protected should something happen during or after the acquisition process.

Business Broker

Business acquisition is a big decision that Business owners face. It’s not only finding the right buyer who shares the same vision for the company, but it’s also making sure you’re getting the best value for your blood, sweat, and tears. Business brokers can help with that by evaluating or appraising your business before it goes to market. This is important when doing business acquisition financing because you want to be confident you’re getting the most bang for your buck – or selling for the highest price possible. Business brokers often have years of experience and a network of contacts that can give you an edge in negotiation. So, whether you’re buying or selling a business, working with a business broker is an important step to ensure a successful transaction.

7. Legal Documents

Finally, there are a number of legal documents that need to be in order before acquiring a business . These include incorporating documents, licenses and permits, leases, contracts, etc . It’s important to consult with an attorney before beginning the acquisition process so you can be sure all these documents are accounted for.


Acquiring a business can be a complex process, but if you have all your ducks in a row from the very beginning , it can go much more smoothly . Be sure to consult with Alta Commercial Capital early on in order to get started on acquiring financing for your venture. We’ll work with you every step of way , no matter what State you’re located in , so we can help make sure everything goes off without hitch . We look forward helping you achieve success!