Deal financing over $5MM SBA limits for Roofing Business

searcher profile

February 10, 2023

by a searcher in Cape Coral, FL, USA

I have a $10MM roofing business under contract, here in FL, it will complement our current FL based roofing company just 40 minutes away.

Looking for a lender who can do a deal of this size, with or without SBA, on 85% of project costs. The deal structure is 5% buyer injection, 10% seller finance (+ seller is leaving $500k cash at closing behind for operating capital) and 85% bank financing.

The business has had great growth, $1.5MM in FFE and 8.5MM in goodwill of sorts.

2022 SDE $3.6MM

2021 SDE $2.4MM

2020 SDE $1.3MM

Suggestions of lenders who would have limits of this caliber Pari-Passu with SBA or all in house?

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commentor profile
Reply by a searcher
from Weber State University in Ogden, UT, USA
Bruce Marks with First Bank of the Lake is located in FL and does Pari Passu SBA loans. If you'd like to talk shop on the roofing side, I was in the industry for 5 years before my search and would be happy to chat. Email me as I'm not on SF frequently redacted
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Reply by a lender
from Pennsylvania State University in Tampa, FL, USA
Hi ^redacted‌ I’m based here in Tampa and can help. I’ll shoot you a note with my contact info, if you’d prefer to reach me prior you can text/call###-###-#### .
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