Buying business with short track record?

by a searcher from Boston College

2 months ago

I came across a business that was started in###-###-#### It performed very strong in 2023 ($1.8m of EBITDA) and on track for similar performance in###-###-#### This business model has reoccurring revenue supported by customer contracts in a strong market with a lot of demand. Has anyone bought a business with a similar short track record of performance? Assuming it won't be eligible for SBA loan with only a year of performance but looking for advice on financing. 

Thanks!

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searcher from Loyola University of Chicago

due diligence

1 month ago | like reply | 0 likes

searcher from Florida State University

It is possible to fund this with an SBA deal. I was working on a similar deal but the year to date figures tanked and that's what disqualified it. They only had one year of positive earnings and Banks initially were willing to lend.

2 months ago | like reply | 0 likes

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