Great lenders for non-SBA options, for a firm without a ton of hard assets?

searcher profile

July 21, 2021

by a searcher from Columbia University in New York, NY, USA

Hey all - I'm working through the right debt options for a company with strong cashflow, EBITDA < $2, resilient performance during COVID, but not a lot of hard assets. I have elements of the structure that won't be SBA friendly, and would prefer to avoid PG while I'm at it. If any have had good experiences with a lender for this, I'd love to speak with them.

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Reply by a searcher
from Harvard University in Colorado Springs, CO, USA
I know from the HBS ETA conference that Live Oak does non-SBA stuff and BankProv might be a fit too. Keep in mind two things 1. commercial banks might not be interested in deals this small 2. the terms and covenants won’t be as buyer friendly as SBA. On balance it’s often worth it to cut out the non-SBA stuff from the deal to get the better terms, but not always.

Best of luck!
commentor profile
Reply by a lender
in Yorba Linda, CA, USA
Hi Vic, as long as the EBITDA is a minimum of $1.75, we have a program for this. We are a cash flow lender and with the right capital structure you can avoid the PG. Would love to discuss the deal with you. redacted
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