Introducing myself to the community

searcher profile

March 07, 2024

by a searcher from University of Massachusetts at Lowell in Worcester County, MA, USA

Hi, I'm a self funded searcher. Had an exit late last year where I was an operator and a minority share holder in a manufacturing business. Now I'm looking to do something on my own and have been on the hunt for a business in the midwest.

I've been on the hunt for about 6-7 months now. Have launched a proprietary search that's yielded no fruit and have had better success reaching out to local brokers for deal flow. Its been tough though valuing the companies and finding something that will meet SBA 7a lending criteria. I've decided to get tight on the numbers and look at larger deals (5M EV or higher) that will cover my expenses and meet SBA DCR requirements while having some money left over for funding CAPEx and improvements.

Looking forward to connecting with people here and sharing war stories or perhaps partnering on a potential business.

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commentor profile
Reply by a professional
from University of Michigan in Detroit, MI, USA
Hi ^redacted‌, where in the midwest? I'm located in Michigan, and would be interested in hearing more about your criteria in case I come across anything. Let me know if you want to connect by either DM'ing me here or sending me an email at redacted
commentor profile
Reply by a lender
from Eastern Illinois University in 900 E Diehl Rd, Naperville, IL 60563, USA
Congratulations on your exit and starting your search. Hopefully you can find the right fit shortly. If you ever need any assistance assessing any opportunities from a lending perspective, we would love the chance to assist you. You can reach me here or directly at redacted Good luck with your search.
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