Are there any reputable lenders who offer term sheets without tax returns?
Hi everyone, I am the favored buyer for a seller who does not want to share his tax returns until after an LOI, but he wants to see lender term sheets before signing the LOI. I am not sure how to reconcile this, as all the lenders I work with want tax returns before issuing a term sheet. Does anyone know of any reputable lenders who are willing to offer a term sheet without seeing tax returns?
The company had ~700k in adjusted SDE in 2025 and is selling for $2.4M in an industry I have been targeting for almost a year. I have an operations background and have family connections in the industry that should help me grow revenue at >10% a year once I get my hands around the operations side. But I don't know how to get through this snag to convince the seller of my ability to get an SBA loan.