Expand your business by acquiring a competitor or acquire a small business in the industry that you know. Business owners do not have to start from scratch, purchasing an existing business can be a great way to dive into the realm of small business ownership.
Cornovus Capital has over 25 years of experience working with small business financing. We believe the men and women who operate privately owned or franchise businesses are at the very heart of the U.S. economy. They’re small business owners who earn a living by delivering goods and services their customers need. As the list of eligible businesses and franchise companies grows, so does our commitment to providing the financial assistance these businesses need to thrive.
Our years of experience have reinforced our belief that SBA 7a financing is among the most beneficial platforms for experienced individuals to acquire a business. For future or current business owners, acquiring an existing business or competitor can be a fantastic way to stabilize, diversify, or expand a business. Cornovus Capital provides access to flexible financing structures that may include additional funds for equipment, improvements, and working capital. These additional uses can be a true difference maker to ensure a successful acquisition.
10% Equity Requirement
Term Lengths
- Without Real Estate: 10 Years
- With Real Estate 25 Years
Maximum Loan Amount of $5,000,000
3 Year Pre-Payment Penalty Period (5%,3%,1%)
Business In Operation For Minimum Of 2 Years
Must Be Eligible For SBA Financing
Flex
Franchises; including retail, personal care, education,
and fast food
Industrial
Manufacturing
Medical
Office
Retail
Service Industries
Warehouse
Written or verbal project narrative that includes project goals, objectives, experience, timing, and loan expectations.
3 years of business tax returns
Year-to-date Profit & Loss and Balance Sheet
3 years of personal tax returns
Personal Financial Statement (form provided)
Managing Partner
Mid-Atlantic & National Originations
Vice President
Business Development
Mid-West & National Originations
Business Development Officer
South Eastern Originations
Vice President of Operations
Business Development Officer
South Western Originations
"I’m telling all my dental colleagues about Jerry Dehner and Cornovus Capital. Thanks to Jerry’s expertise, my project was fully funded with a market rate on a 10-year amortization. It was great. I didn’t have to tap my cash reserves and I’d been expecting a 7-year loan with my local bank. The SBA 7(a) paperwork takes diligence but Cornovus walked us through step by step. Thanks to Jerry, I have capital for renovations, equipment and more. He knows his stuff."
Ray Bonomo, DMD, Cincinnati,
OH
"I work in the residential arena and rely on partners like Cornovus Capital for my clients in need of commercial financing. Jerry and I have worked on 5-6 deals in the last ten years—a hotel, a restaurant, construction and more. His knowledge is A+. He gives straight answers, does his due diligence and has solid, professional advice. I recommend him and would definitely work with him again."
Hiren Patel, Operations Manager, Oceans Lending,
FL
"Jerry helped us finance a restaurant. He guided us well. We appreciated his knowledge and willingness to go ‘above and beyond.’ It was our first experience with SBA and we ran into a couple obstacles. Jerry helped us talk with the sellers so they better understood what was needed. He helped us with the paperwork, too. It was new to us and we clearly needed help. Most professionals don’t take extra steps like Jerry does."
Pursharth Kapoor, Partner, Ashley’s of Rockledge,
FL
"Jerry successfully closed three transactions with me and we’re working on a fourth. Jerry knew all the nuances. He knew exactly which lender to access. He knew what questions to ask of us. He was in constant communication with me and I never felt out of the loop. He worked weekends. My deal wouldn’t have been completed without him. He believes in my project and can see what I’m trying to accomplish. He’s trustworthy. What he says he will do, he does. He’s likeable and he’ll keep you fully informed. If you’re looking for financing, go to Jerry first. He’s a straight-shooter and will let you know what you need to do."
Kerry Schwab, Sr. President & CEO, Schwab Hospitality Corporation,
PA
"Jerry got something accomplished no one else in town could do. My deal didn’t fit most lenders. Jerry not only got the deal financed, he got it done quicker than I expected. His ability to analyze numbers and cash flow is unique. The questions he asked ultimately saved us money. Jerry thinks about the big picture not just the deal in front of him. He thinks about my business overall and how he can save us money. There’s nobody else I would talk to. It’s just that simple. He makes it easy."
Robb Stein, CEO, Derojo, Inc.,
OH
"After four months of going nowhere with a big bank, I was fortunate to meet Jerry. His knowledge and expertise can only be described as outstanding. My financial interests were his top priority, which became particularly clear when he encouraged me to walk away from one option because the terms weren’t in my favor. He’s a man of character. Just bring your questions and be prepared to be blown away by his answers. He’s that good."
Ted Worland, CEO, Industrial Thermo Products,
IL
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