Does anyone have experience with getting a LBO loan (non-recourse, not SBA loan) for their small buyout recently, especially after the rise in the interest rate?
I am currently pursuing a $3M acquisition of a business service company (i.e. no hard asset) with appx. $1.2M SDE. I am hoping to get a 1x leverage on the transaction. I want to understand the criteria for getting an LBO loan approved and the typical terms.