Key Takeaways
- TPS holders can legally purchase existing businesses in all states
- Acquisition financing based on the target business's revenue and cash flow
- Business acquisition is often faster than building from scratch
- No green card or SBA eligibility required
- 48-hour decisions — fund your business acquisition before it closes
Buying an existing business is one of the smartest moves available to TPS entrepreneurs. You acquire an operating business with existing customers, existing staff, existing revenue, and existing systems — eliminating the riskiest years of a startup's life. Many retiring business owners are looking to sell to reliable, experienced buyers, and TPS entrepreneurs who have spent decades building businesses are exactly that. The SBA's 2026 rule eliminates TPS buyers from SBA 7(a) acquisition loans — but Bankable provides non-SBA acquisition financing based entirely on the target business's revenue.
How Business Acquisition Financing Works
Bankable evaluates the acquisition target's revenue, EBITDA, industry, and customer concentration. The target business's cash flow is the primary basis for the financing — if the business generates enough cash to repay the loan while providing you with a living, it is a viable acquisition. We typically finance 50-80% of the acquisition price, requiring you to bring 20-50% in equity (which can come from savings, seller financing, or a combination).
Good Acquisition Targets for TPS Buyers
- Retiring owner selling a profitable business in a familiar industry
- Service businesses (cleaning, landscaping, HVAC) with existing contract revenue
- Restaurants with established customer base and location
- Auto repair shops with regular fleet and individual clients
- Pharmacies or medical practices from retiring practitioners
- Small manufacturing businesses with established customer relationships
Frequently Asked Questions
Yes. TPS holders can buy any type of business in the United States. There are no restrictions on business ownership based on TPS status.
Bankable evaluates the acquisition target's revenue and EBITDA (earnings before interest, taxes, depreciation, and amortization). We advance 50-80% of the acquisition price based on the business's proven cash flow.
Typically 20-50% of the acquisition price. The seller may also offer seller financing (a seller note) to bridge the gap.
Seller financing means the seller takes a note for part of the purchase price, repaid from business cash flow over 3-7 years. This reduces the amount you need from Bankable.
Up to $3M depending on the target business's revenue. Most small business acquisitions in the $500K-$2M range are well within our capabilities.
Ideally you have relevant experience. Strong industry knowledge significantly reduces operational risk and improves your approval profile.
BizBuySell.com, business brokers, industry associations, and direct outreach to business owners in your industry. Many businesses sell through word-of-mouth — community connections are valuable.
48-hour pre-approval. Full acquisition due diligence and funding typically takes 3-6 weeks from application to close.