Any asset-based lenders experienced with ABL + SBA for small machine shops?
Hello all - I'm currently working a deal that is $2M asking, that has approx. $1.2M salvage value in machinery and equipment.
I know from other posts that SBA can be combined with asset-based lending, and I'd like to explore that route. However, I haven't found ABL lenders that will lend on less than $5M in assets.
Are there any lenders, or does anyone know of any lenders, that will help on a deal this size?
Thanks for the support!