Hey Everyone,

So I'm about to close on an acquisition with a significant amount of hard assets in the form of vehicles and large equipment. I am looking to get a line of credit on these assets post close for working capital but the issue I keep running into is that this is an asset purchase and as a result the new entity acquiring the assets has only been "in business" 2-3 months. Even though the company I'm acquiring has been in business for 30 years, generates millions in revenue each year, and has almost a million dollars worth of hard assets owned free and clear, lenders still treat the new entity as a startup. Does anyone have any advice or know any lenders who are more flexible and focus more on the assets than the entity. Thanks