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Second Site · Add-On Acquisition · Expansion

Loan to Buy
A Second Business

Name: Mortgagefy
Address: Sydney, NSW, AU
Telephone: +61432634648
Price range: Free

By the Mortgagefy Team · Credit Rep 532656 of ACL 348324 · Published 2026-10-15 · Last reviewed 2026-10-15

Fund your second site or add-on acquisition. Established operators get access to specialist growth lenders unavailable to first-time buyers.

Start Your Free Assessment 0432 634 648

Free Business & Commercial Assessment

Takes under 3 minutes. We'll match you with the right lender for your situation.

Who this is for

Business owners with an established, trading first business who want to acquire a second site, add-on business or complementary operation.

Existing business trading 2+ years with consistent EBITDA
Second location of your existing business concept
Add-on acquisition in same or adjacent industry
Multi-site franchise operator expanding
Buying a competitor to consolidate market share
Cross-industry acquisition to diversify revenue

The real challenge

Second business acquisitions have a specific advantage: your existing business EBITDA supports the serviceability, which lets you fund 50-70% of the target's enterprise value without needing fresh residential equity. Specialist growth / acquisition lenders routinely fund this pattern.

The structure also matters: same-industry add-on vs cross-industry diversification get different lender appetites. Same-industry is easier (lender knows the operational synergies); cross-industry requires more detailed business case.

How Mortgagefy helps

Specialist acquisition lenders who fund 50-70% of enterprise value for second-business purchases.
Combined serviceability run across both businesses so the lender sees the full picture.
Vendor finance structuring - common structure where outgoing seller takes 20-30% as a note.
Honest DD coordination with your accountant and lawyer.

Need to model repayments first? Try our Sydney home-loan calculators for an indicative figure.

How it works

Target review

Target business profile, EV, EBITDA, your existing business figures, equity available.

Lender shortlist

2-3 acquisition lenders matched to size, industry and structure.

Due diligence

Facility conditional on DD; we coordinate with your advisors.

Settlement

6-12 weeks typical from term sheet to funding for mid-size acquisitions.

Get a personalised answer in 2 minutes

Free, no obligation. We'll match you with the right lender for your situation.

Frequently asked questions

How much can I borrow against my existing business + the target?

Typically 50-70% of target EV, with your existing business cash flow supporting the service. Combined debt-to-EBITDA ratios of 3-4x common for strong acquirers.

Do I need property security?

Not always - specialist acquisition lenders will fund against goodwill alone for strong operators. Property security (yours or the target's freehold) improves pricing and LVR.

Will the vendor stay on through transition?

Common structure. Often paired with earn-out or vendor finance to keep the outgoing seller aligned.

Can I buy a competitor to consolidate market share?

Yes - roll-up and consolidation plays are well-funded by specialist lenders. Need to show integration plan and justification for the paid synergies.

How long does acquisition finance take?

6-12 weeks typical from term sheet to funding for $1m-$5m deals. Larger or cross-industry acquisitions can take 12-20 weeks.

Can I use SBA-equivalent government backing?

Australia doesn't have a direct equivalent to the US SBA. SME Recovery and similar schemes have been active in past cycles - we route to open schemes where available.

Get your free second-business acquisition assessment

Fund 50-70% of target EV against combined serviceability. Vendor finance structuring, 6-12 week settlements.

Start Your Free Assessment Call 0432 634 648

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Information checked October 2026. This information is general in nature and does not take account of your personal objectives, financial situation or needs. Business, commercial and development finance eligibility, pricing and documentation varies by lender and changes frequently. Confirm current requirements with your chosen lender and seek professional advice before applying. Mortgagefy — Credit Representative 532656 of ACL 348324.

Loan to BuyA Second Business