Debt for a Cross-Border IT Services Acquisition

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by a searcher from Harvard University - Harvard Business School
in New York, NY, USA

2yrs ago

Debt for a Cross-Border IT Services Acquisition

Looking for advice from fellow searchers regarding the feasibility of securing debt (SBA or commercial) for an IT services business. Although the business is not formally incorporated in the US, over 90% of its revenue comes from US clients.

The revenue center is based in the EU, and the QofE has been completed by a big-4 firm. The planned acquisition will be structured as an asset deal. Post-closing, all revenues and costs will be processed through a U.S. C Corp, ensuring clear visibility for the bank.

Would also be happy to chat with lending advisors who have experience with similar deals!

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reply by a lender 2yrs ago
from Eastern Illinois University in 900 E Diehl Rd, Naperville, IL 60563, USA

Unfortunately if the business you are buying is domiciled in another country and does not have US tax returns, it does not qualify for SBA financing. You would need to find alternative financing, most likely non-bank financing. Unfortunately we really do not have anyone financing the acquisition of foreign companies at this time. But I wanted to let you know about the disqualification from SBA. Good luck on your search.