Conventional Lenders in Los Angeles?
June 04, 2026
by a searcher from University of Virginia-Darden - Darden School of Business in Richmond, VA, USA
I'm looking for conventional acquisition lenders in Los Angeles but I'm asking from the East Coast. Here's the background:
In 2020 I bought a small business with around $300k of EBITDA. Since that time it's grown successfully to now have about $1.4MM in EBITDA. My target also did $1.4MM in EBITDA but will likely grow rapidly in coming years based upon confirmed orders from customers. And we have agreed upon a purchase price of $4.4MM which honestly is a bit of a steal because we operate in a low capex industry and so do they. We operate in a super niche manufacturing industry and the target company is in a related trade that we depend upon is for sale in LA. The problem is that we are in the Mid-Atlantic. I've actually never even been to LA. My goal is to fly out there, tour the place, dig into the books, give them an LOI, and fly back.
My problem is that my hands are tied for SBA lending. When I purchased six years ago I used an SBA backed loan but I rented and didn't have a personal residence or a spouse at the time. My wife has made it abundantly clear that she does NOT want me to pursue any sort of debt financing that puts the business risk on our personal residence- she doesn't want me to jeopardize her nest. So I am trying to explore my options. I have the guy in mind to run day to day in LA; I've worked with him in my current business for three years. I am anonymous because I don't want anyone to know how much my business makes but if you refer me to anyone I'll reach out as myself. Would just like some help from the community here.