Debt stack for a future deal

Member resources:

Frequent asked questions:

What is Searchfunder.com?

Searchfunder.com is an online community of searchers, investors, lenders, brokers and other professionals. Over 80% of those involved in searchfunds maintain a Searchfunder account to help them network, hire, and mentor others.

What are the benefits of membership?

In addition to accessing the most active online network of business buyers, Searchfunder licenses research that is simply not cost effective for individuals. Access over 15,000 industry reports and 50,000 transaction financials. You also get monthly credits for contact information for your company sourcing campaign with the option to purchase more at drastically discounted rates. Searchfunder has pre-purchased access from these data providers in order to empower individual buyers and to help searchers level the playing field versus private equity.

Do you have deals?

While we are primarily a buy-side network, we do have hundreds of brokers that regularly post deals to the community.

Can I find an internship on Searchfunder?

Absolutely! We have the industry's largest intern job board. If you are considering a search, the first step is to help another business buyer so you can hit the ground running.

What does it cost?

Searchfunder is a subscription service. We offer flexible monthly, annual and lifetime memberships.

Monthly

$79 / month

Annual

$19 / month

Lifetime

$432 / once

Those who maintain an account with us for over 4 continuous years are permanently added to the community without the need for a membership.

Do I need an MBA to join?

While a large number of our members come from dedicated programs at Harvard Business School, Stanford GSB, Chicago Booth, and other top programs, searching is no longer reserved for the elite. With the current abundance of dry powder in private equity, and an increasing number of business owners reaching retirement age, good deals rarely go unfunded.

Post a question, deal, job, etc...

Make a post...

Complete registration to post.

by a searcher
in Chicago, IL, USA

1yr ago

Debt stack for a future deal

I'm working on getting pre-qualified for loans before I find the right deal. For the size of business I'm looking for, I anticipate a larger loan than just SBA being required. The local bank I'm working with said based on my info that qualifying for the full $5M SBA is likely (still waiting on the term sheet), but stacking a conventional loan on top of that may be challenging (apparently they've been burned in the past and are somewhat gun shy).

My question: While I understand that the final decision will ultimately be based on the business I find, is it wise (or a waste of effort) to shop around at this stage for a bank that could offer SBA + other type of loan? The alternative would also be to have a business in-hand, just want to do as much as I can before I get to that stage. Thanks!

0 Likes

230 Views

reply by a lender 1yr ago
from Eastern Illinois University in 900 E Diehl Rd, Naperville, IL 60563, USA

I would love to connect and see if we can provide any assistance. We are a Commercial Loan Brokerage shop with over 500 funding sources. We do SBA as well as conventional and non-bank lending. We also do pre-approvals and when we issue those for a client or on a transaction we do so. knowing we would have multiple lenders that would fund that deal.

If you are looking for the lender that does the SBA loan to provide you a conventional loan as well referred to as a Pari Passu loan, please note Pari Passu loans are hard to get. Less than 10% of SBA lenders will even consider Pari Passu loans and those that to have significantly higher underwriting requirements, The larger the Pari Passu loan you are looking for the less lenders that are available. We have done Pari Passu lending but cannot over the same guarantees of success as we can with conventional lending. We are always happy to look at a deal pre-LOI and provide feedback on how likely it is to secure the requested financing and help you come up with strategies to get the deal done.

Please let me know if you would like to discuss further here or directly at redacted

reply by a lender 1yr ago
from University of Southern California in Los Angeles, CA, USA

Hi Sammy - Would love to help you with your SBA loan. I have about seven or eight lenders in my network that will do a a pari passu loan. The best time to start a conversation with a bank is now. Even if this specific deal fails .The bank pay us after your loan closes, so this is a 100% free service for you. When lenders compete, you win!

You can reach me here or directly at redacted You can also click here to schedule a meeting with me: redacted. Look forward to chatting!