FAQs

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How does Boopos work?

Boopos advises and connects online business owners (e.g., SaaS, e-commerce, digital agencies, etc.) who are looking for an exit with vetted buyers. Additionally, Boopos offers non-dilutive financing with no personal guarantees for the acquisition of SaaS and other subscription businesses; this financing is available for deals sourced directly from Boopos as well as other marketplaces. Watch this video for a general overview of Boopos.

What makes Boopos different from other debt providers?

Unlike other options such as SBA or conventional bank debt, our requirements are typically less stringent and do not require personal guarantees. Our process is extremely fast as we can provide funding as quickly as 7 days.

Are there fees associated with applying for a Boopos loan?

No, there aren’t any fees for applying. We encourage you to review our listings with (or without) funding or to submit a business that you have sourced on your own for our review.

How do I repay Boopos?

We offer fixed-term loans (FTL), which allows you to have full clarity on your payment schedule at the outset. Before we provide you with the funding, you will be asked to submit the bank details of the account that will be used to repay the Boopos loan through our platform.

Can I prepay my Boopos loan?

Yes. There is a small prepayment fee on the outstanding balance at the point of prepayment. Hence, you'll avoid paying the interest portion that would be due if you completed the repayment at maturity. If you have further questions, do not hesitate to reach out to your advisor or send an email to support@boopos.com.

How can I purchase a pre-approved business?

It's a simple process, and the first step is getting qualified as a buyer. This video explains the qualification process, and you can start the qualification process here. Once qualified, you can select the opportunity you are interested in and we will organize an interview to get started. Please email support@boopos.com with any questions.

Where does Boopos get the money to finance my loan?

We finance our loans through a mixture of capital sources. Boopos is fortunate enough to finance a percentage of loans through our own balance sheet. Over the past several years, we have raised Venture Capital for the working capital and Venture Debt for the lending amount as well.

Am I a good candidate for a Boopos loan?

Yes, you may be if you’re looking to acquire a profitable subscription-based business that’s generating more than $100k in TTM revenues and +18 months in track record. Watch this video for more information on buyer requirements and how to qualify as a buyer.

Do you fund people outside the US?

Yes, our only requirement is that the acquiring entity is set up in the US. Don’t have one set up already or not familiar with the process of setting one up? Don't worry! We work with third parties that make the process of setting up an entity smoothly while answering any questions you may have. Reach out to your Boopos advisor or email support@boopos.com for more information.

What currencies do you fund in?

For now, we’re only financing in USD.

Do you also offer financing to acquire content sites and affiliates?

No, we focus on financing profitable SaaS and other subscription-based businesses that make $100K+ in TTM revenue, are profitable, and that have 24+ months of track record.

What kind of businesses do you fund?

SaaS and other online businesses with subscription-based models (e.g., digital agencies) are our main verticals.

Do you offer growth financing for existing businesses?

No, at the moment we are only offering acquisition financing.

What’s the minimum equity I need in my proof of funds?

The minimum amount to get qualified is $20,000. That said, we do advise to show the maximum proof of funds available to you as this will allow you to see details of deals with higher ticket sizes. In order to ensure that sellers only speak with buyers that are capable of actually purchasing the company, we only allow access to deal details if sufficient proof of funds have been submitted.

How do I sign up for a loan?

Signing up for a loan is easy with Boopos, and starts with getting qualified. Click the "Qualify Now" button to access the user portal.

How long does it normally take for borrowers to get approved and funded?

At Boopos, underwriting is very fast. We can underwrite a deal and issue a term sheet in 2-3 business days. We can also fund in 7 days once there’s an executed LOI in place.

Will applying for a Boopos loan affect my credit score?

No. Boopos performs a soft credit check, which does not affect your credit score and will not be visible to other lenders.

Why do I need to connect my accounts?

Connections help us to do a quick and accurate analysis and ensure a smooth transaction during the closing process. In addition, by connecting your accounts, we can understand your business not just at the time of qualification, but also on an ongoing basis, so you don't have to re-apply or re-enter your information.

Is my data safe at Boopos?

Your data is entirely safe with us. We will use your data just for our underwriting process. We are committed to our Privacy Policy, which explains our privacy practices concerning your personal information.

How much does Boopos finance?

Our loan-to-value (LTV) is established on a case-by-case basis. Our maximum is 80% of the asking price. Typically, we’ll finance between 40% and 60%.

How much do I have to invest as a buyer?

25% of our lending amount or 15% of the total asking price, whichever is larger.

Can I use seller financing?

Yes, but it won't count as your equity in the deal. Boopos and seller financing together can't exceed more than 85% of the advance rate.

Is Boopos a M&A marketplace similar to Acquire, Flippa or Empire Flippers?

We are similar in the sense that we do provide advisory services to founders or business owners who are looking to sell their business. However, we go beyond M&A advisory, as we also underwrite each business and provide acquisition financing so the business can be sold fast and in the best terms.

What makes Boopos different from other M&A marketplaces?

At Boopos, we have an expert team of M&A and financial advisors who vet thoroughly every deal, providing the best support to both buyers and sellers. As we provide financing to many deals on our platform, our level of understanding of the business goes beyond the scope of a traditional broker, and we believe this level of knowledge plus our white glove service sets us apart.

How much do you charge for selling my business?

We charge a 4% advisory fee, only if we successfully sell your business. This way, our incentives are aligned with yours.

Can I sell my business through the Boopos marketplace?

Yes, Boopos has a network of 3k+ qualified buyers that are constantly on the lookout for cash-flowing online businesses. Our team of buy-side and sell-side advisors coordinate to connect owners with motivated, well-capitalized, and experienced buyers to streamline the sale process.

What requirements does my business need to meet to be sold through the Boopos marketplace?

You can sell your online business through Boopos as long as it meets the following criteria.

  • At least 12 months of operations
  • At least $100k in revenue in the last 12 months
  • The business is profitable
What types of businesses can be sold through the Boopos marketplace?

Boopos can help sell the vast majority of online businesses or businesses with online presence. These include:

  • SaaS
  • Other recurring revenue services
  • Agencies
  • E-Commerce
  • Amazon FBA
  • Content sites

In case of doubt, feel free to apply to our platform and one of our advisors will reach out to you.

Are there any business verticals that Boopos avoids?

Weapons, Alcohol, Tobacco, Fossil Fuels, Fur, Gambling, Pornography, Cannabis, CBD, hemp oil, platforms that spread hateful rhetoric

What does it cost to sell my business through Boopos?

The only fee associated with selling your business through Boopos is a 4% cut of the overall asking price of the business once an acquisition is completed. In other words, you only pay if you successfully exit so yours and Boopos' incentives are completely aligned at the outset.

What is the process of selling my business through Boopos?

The process of selling your business through Boopos is as follows:

  • After speaking with one of our sell-side advisors, our underwriting team will analyze the financial and operational performance of your business to establish a potential valuation range
  • You and the sell-side advisor will review the underwriting analysis and agree on a listing price
  • Boopos will prepare an information memorandum and other relevant material to create a public listing on the marketplace
  • Once the deal is publicly listed, our team of buy-side advisors actively markets the deal to strategic buyers
  • After the Boopos team vets interested buyers, you will be connected with only those that are motivated and have the capital to complete an acquisition
  • You have conversations with interested buyers and the Boopos advisors will be available throughout to provide insight and guidance
  • Once you reach a preliminary agreement with a buyer, you will execute an LOI laying out the terms of the deal
  • Following signing of the LOI, a DD period will commence. The Boopos team can assist in facilitating the DD as well
  • With DD finalized, money will be sent to escrow and the acquisition will be completed
If I sell my business through Boopos, can a buyer access financing from Boopos as well?

Potentially. Boopos can offer acquisition financing for recurring revenue businesses (e.g. SaaS, digital agencies, etc.) that meet the following criteria:

  • At least 24 months of operations
  • At least $100k in TTM revenue
  • Profitability
Is there an exclusivity period when listing with Boopos?

Yes, your business will be listed on the Boopos platform for a minimum period of 90 days. This term will be automatically and indefinitely extended for successive periods of 30 days. At any time, any party can send a termination notice in which case the business will be removed from the platform at the end of the ongoing period.

Do you work with owners outside of the US?

Yes, we have no geographical restrictions when it comes to who we can work with. Our only requirement from the buyer of the business, and only if they want to use Boopos financing, is that the acquiring entity be based in the US. However, this does not affect the seller of the business.

If I sell my business through a different marketplace, can buyers still use Boopos financing?

Yes, if you choose to sell your business using a different marketplace, you can still get a loan pre-approved for the potential buyers of your business. At closing, buyers will get qualified by Boopos to access the financing.

What type of businesses do you sell?

Boopos platform is mainly focused on online businesses or businesses with online presence. These include: SaaS, Other recurring revenue services, Agencies, E-Commerce, Amazon FBA, Content sites, etc.

How much do you charge for buying a business through Boopos?

Unlike other brokers, if you buy a business through Boopos, we do not charge any commission to you. We only charge a 3% origination fee if you finance your purchase with Boopos financing.

How can I purchase a vetted business?

It's a simple process, and the first step is getting qualified as a buyer. This video explains the qualification process, and you can start the qualification process here. Once qualified, you can select the opportunity you are interested in and we will organize an interview to get started. Please email support@boopos.com with any questions.

Can I bring my own deal or do I have to buy the ones in your marketplace?

You can bring your own deals to our platform. The deals you acquire don't have to come from the ones you find on our For Sale page. If you bring us a deal, the information will be kept secured and we won’t share the opportunity with anyone else.

Can I use Boopos as a bridge loan?

Yes, many buyers are using our financing as a quick way to get access to capital. Once we've funded the deal, you can start looking for alternative sources and refinance our loan as early as you wish.

Am I a good candidate for Boopos financing?

You may be a good candidate for Boopos financing if you’re looking to acquire a profitable subscription-based business that’s generating more than $100K+ in TTM revenues and 24+ months in track record. Watch this video for more information on buyer requirements and how to qualify as a buyer.

What is the cost of Boopos loans?

Our terms are tailored for each specific buyer and their business. We rank deals from A to C based on our proprietary underwriting model and we adjust terms accordingly. We also have discounts depending on your FICO score that will determine the total cost of the loan. On average, interest rates can go from 19% to 25%.

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A Better Alternative to Traditional Banks

Boopos loan programs offer entrepreneurs an alternative to bureaucratic lenders, slow-moving business banks, and complex SBA loan approval processes. Our type of financing is fast and efficient. Unlike traditional financial institutions, we don‘t require your business plans, credit history, annual revenue, balance sheets, cash flow statements, tax returns, liabilities, bank accounts, or bank statements to kickstart your loan application. Contact us today to determine your eligibility. Our loan application process is fully automated and won’t take time out of your busy day.

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