Where is the best place to solicit hard money loans and what are the current terms?
I am under LOI, currently in due diligence, lender may require up to 10% in post injection liquidity.I may need a cash infusion up to $280k to secure an SBA loan for a precision sheet metal fabrication. High level numbers below. Purchase Price: $2.8M Over Four Years Median Revenue: $3,429,635Median GPM: 40.67% Median EBITDA: $726,370 Median EBITDA Margin: 24.72%
My downpayment: $280k in cash, I have $90k in equities I will liquidate if needed.