If you have expansion plans that include a new partner, let us help with buy-in financing!
Financing your Partnership Buy-In through Heritage Bank allows
your new partner to become a full partner right away.
Heritage Bank can finance the new partner’s entire buy-in amount, so your business does not have to wait on monthly or quarterly payments over several years. The terms of the loan are based on the creditworthiness of the new partner and your business and can be flexible to what best benefits all parties.
When the financing is managed by Heritage Bank, your business accounts are not spread thin for other business expenses. If a partner is retiring or being bought out at the time you are adding a new partner, the funds can be readily available to facilitate that pay-out.
As the loan is guaranteed by your business, Heritage Bank does not require any downpayment or collateral from the new partner. Heritage Bank can finance up to 100 percent of the new partner buy-in and refinance any current partners in your business who might still be making monthly or quarterly payments.
The best way to get started is to develop a partnership agreement so that all aspects of the Partnership Buy-In are arranged appropriately and clear to all.
Get started today!
Complete this form to start the process.