I wanted to share a recent huge win with the community that might be helpful as you navigate your own acquisition financing.
We just assisted a fellow searcher in closing on a $6 million HVAC business with a unique 10-year fixed SBA loan tied to the treasury rate instead of the usual prime rate. They locked in a 7.63% fixed rate, saving almost $100,000 annually in interest compared to large banks offering prime + 2% (10%). The borrower put in 5% down with the seller providing a 15% partial standby seller note. This is the best rate I have seen since###-###-#### and is going to save the borrower a ton of money.
This deal came together with a regional lender that wanted to increase market penetration in AZ. Instead of selling the loan in the secondary market, they plan on keeping this loan on their books till payoff. Exploring different banks made all the difference. If you are looking at businesses in CA, NV, AZ, FL & NY, reach out and we can get financing from them. For acquisitions outside these states, we can still help you secure competitive terms with other top lenders.
Our services are entirely free – we’re paid by the lender once your loan closes. If you’re interested in exploring your options, feel free to contact me at --@----.com or schedule a meeting with me here: https://cal.com/ishan-jetley-3d73m8/30min or visit my website: https://gosbaloans.com/business-acquisition/. Happy searching and look forward to helping some of you.
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