Conventional Lender for ~$1M EBITDA business acquisition in CA

by a searcher from The University of Chicago - Booth School of Business

7 months ago

I am negotiating an LOI with a seller for a restoration business in California doing ~$1M in EBDITA.  The seller plans to roll equity into the new entity and we are looking for a conventional lender who would be willing to underwrite the loan against cash flow rather than collateral. We are prepared to inject 30% to 40% equity with a sizeable seller note to de-risk the deal for the lender. SBA is not a good fit given it requires a stock sale for the seller to roll equity. 

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12 comments

lender

Jason, I have a lender that would lend conventionally on a 60% LTV. Feel free to reach out to me --@----.com

6 months ago | like reply | 0 likes

searcher

Looking for an SBA lender who can possibly structure a zero down loan. Currently looking at about $1.5m purchase price. I'd appreciate it Sven if you can put me in touch with your contact.

7 months ago | like reply | 0 likes

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