Anyone have experience raising debt financing in Australia?

by a searcher from Monash University

3 years ago

I've identified a potential acquisition target for my fund in Australia and am currently looking to source senior debt for around 50% of the purchase price. The vendor is asking $1.1m for the business which is currently generating adjusted EBITDA of approx. $550k. 

Most banks in Australia are very reluctant to lend to SMEs unless they can secure the loan against real estate. Anyone have any relevant experience they can share or any banks/contacts they can recommend?

1 like
56 views
5 comments

searcher from Columbia University - Columbia Business School

Best to go to non big 4 lenders, try debt market place sites where you can post your deal and screen inbound requests

3 years ago | like reply | 0 likes

searcher from INSEAD

Henry, if you send me an email at --@----.com I can put you in touch with someone who may be able to assist - I was looking at a slightly larger deal earlier this year, cashflow based lending.

3 years ago | like reply | 0 likes

More on Searchfunder

Just Closed on My First Deal! Reflections and Takeaways for other Searchers

45,152 transactions are available on Searchfunder (now searchable by keyword)

Now everyone has unlimited IBISWorld access

Family office looking for traditional searchers

Examples of self-funded searcher websites

Investor seeking Self-Funded Search Deals

What are market terms for Seller Notes?

2 Best Ways To Find Motivated Sellers, Off-Market Deals

Searchfunder is an online community and toolkit for searchfunds. Over 80% of those involved in searchfunds maintain a Searchfunder.com account to help them network, problem solve challenges, and keep up with the industry.

We maintain partnerships with database providers that make searching more effective, efficient and affordable along with features that help searchers find deals and investors and vice versa.