Financing a 9 million acquisition - self funded searcher

by a searcher from Florida Institute of Technology

6 months ago

I am a self funded searcher, i am looking at a company which is valued at 9 million dollar, and has attractive earnings/cashflow, where i can pay back 100% in 3 years or less - if i don't take a pay., The seller is willing to carry 15% note, and i can put in 10% down. This is a situation where the traditional SBA 7(a) loan would not cover the total cost of acquisition.  Is this a deal breaker or still should pursue this dream. I am sorry , i tried to search the forum for an answer, and nothing would pop up. 

Break Down: 
- Selling price - 9 million
- Down payment###-###-#### K  (*10%)
- Sellers note###-###-#### million (15%)
- Loan required###-###-#### million  ( have to figure out the funding)

Your help is greatly appreciated and would love your input on the best way to approach this.  

Cheers

2 likes
299 views
13 comments

lender from Eastern Illinois University

We are happy to take a look. As mentioned above, you can do an add-on loan with SBA financing called a "pari Passu" where the lender does more debt above $5 million without the government guarantee. There may also be some other ways to creatively structure a deal. You can reach me here or directly at --@----.com We are a commercial loan brokerage shop with over 500 funding partners. Good luck.

6 months ago | like reply | 1 like

lender from Northwestern University - Kellogg School of Management

This seems like a deal my firm could finance. Reach out to me at --@----.com if you want to hear more.

6 months ago | like reply | 0 likes

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