Funding sources, terms, etc

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June 16, 2021

by a searcher from University at Albany, State University of New York - School of Business in Poughkeepsie, NY, USA

Hi,
This site has been a wealth of information for months so I am hopeful I can find some help/leads here. I'm looking for your recommendation for funding sources.

I've been in ongoing talks with 30+ businesses for about a year now. All at various paces, but it looks like a combination of factors may make 4-6 happen in a relatively short amount of time. The target is 50 acquisitions by the end of 2022 or sooner.
These are all in the insurance business and all being bought at very attractive terms. But, although the owners holding a note is still possible, several will benefit from larger up front payments.
I'm looking for your recommendations and suggestions on institutions that would lend or leave a credit line available from $500,00-$1,200,000. I'm also open to convertible notes and other creative options.
Thanks,

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Reply by a searcher
from University at Albany, State University of New York in Poughkeepsie, NY, USA
Most of these are not digital yet and many of the partner insurance carriers can download the bulk of the information. But, I am keeping it very simple. The idea is, once I get in the 6-10 acquisition range they'll be enough free cash to have 1-2 new hires only work on tightening up the data.
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Reply by a searcher
from The Hong Kong University of Science and Technology in Sydney NSW, Australia
I am preparing for industry rollup, digitalisation and automation. Just wonder how you plan to handle the integration and transition of multiple acquisitions in such a short period of time.
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