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.
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.
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.
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.
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.
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.
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.
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.
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.
For now, we’re only financing in USD.
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.
SaaS and other online businesses with subscription-based models (e.g., digital agencies) are our main verticals.
No, at the moment we are only offering acquisition financing.
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.
Signing up for a loan is easy with Boopos, and starts with getting qualified. Click the "Qualify Now" button to access the user portal.
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.
No. Boopos performs a soft credit check, which does not affect your credit score and will not be visible to other lenders.
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.
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.
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%.
25% of our lending amount or 15% of the total asking price, whichever is larger.
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.
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.
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.
We charge a 4% advisory fee, only if we successfully sell your business. This way, our incentives are aligned with yours.
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.
You can sell your online business through Boopos as long as it meets the following criteria.
Boopos can help sell the vast majority of online businesses or businesses with online presence. These include:
In case of doubt, feel free to apply to our platform and one of our advisors will reach out to you.
Weapons, Alcohol, Tobacco, Fossil Fuels, Fur, Gambling, Pornography, Cannabis, CBD, hemp oil, platforms that spread hateful rhetoric
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.
The process of selling your business through Boopos is as follows:
Potentially. Boopos can offer acquisition financing for recurring revenue businesses (e.g. SaaS, digital agencies, etc.) that meet the following criteria:
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.
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.
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.
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.
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.
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.
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.
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.
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.
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%.
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.