LOC advice

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by a searcher
in Nashville, TN, USA

1h ago

LOC advice

All, I am reviewing term sheets for a pending acquisition and am looking to solicit tips on including a LOC with my lender. I believe the SBA max is $500k. Is there a rough target for much 1) a lender will offer based on company revenue/cash flow and 2) how much a buyer should look to obtain ins LOC? I am buying a business with $2M revenue and $350k SDE. It is a B2B business so there is an AR element that I want to have some cushion on from a cash flow standpoint. Is it reasonable to increase the LOC amount t after closing or do I need to get as much as I can now before I close?

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