Alternatives to SBA Financing with Seller Rollover Equity on a $2-3m Deal
We're exploring alternatives to SBA financing for a transaction with Seller rollover equity. We're seeking $1.6m of debt financing on a highly recurring revenue business valued between $2-3m. We initially started down the SBA route, but we want to avoid the PG for the seller since he is rolling some equity (less than 20%).
Any recommendations on private credit firms, individual investors, etc. who might be interested in the deal?
Posting anonymously since the deal is currently under LOI. Please comment if interested and I will message you directly and can share more info on the deal then.
Separately, If anyone has done a deal with Seller agreeing to PG, would love to connect and hear any insights.
Thank you!