Asset-Backed Line to Improve Cash at Close?
Anyone have experience using an asset-backed line to increase cash at close? Looking at a small niche distributor/installer/rental business. The earnings have been volatile in the past 3 years so approaching the conversation from a modest cash, seller-note, earn-out type structure (no traditional or SBA bank loan). thinking about ways I might be able to improve cash at close to make an offer more attractive. The business has substantial inventory (to be verified).