Financing that doesn't require collateral

by a searcher

2 years ago

I'm looking for an acquisition doing >800k EBITDA. I've been looking into financing options but most of what I've seen is going to require I put my real estate up against the loan as collateral. What are others doing to get around this? Are there financing options that won't require my personal property?

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11 comments

lender from Northwestern University

Hi Adam, depending on the specifics, may have a solution to your dilemma. Feel free to reach out to me directly; --@----.com or###-###-#### .

2 years ago | like reply | 0 likes

lender from The University of Chicago - Booth School of Business

The SBA 7(a) produce is a great cash flow financing tool. However, if RE that you own has equity of 25% or more of its value, we SBA lenders are generally obligated to take a lien on it If that does not work for you, as Elliott suggested, try SG Capital (John Todd in the Midwest). Double digit interest rates and more equity in the business required than SBA loans but, usually, no personal guarantees.

2 years ago | like reply | 1 like

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