LOOKING FOR A NON-SBA CASH FLOW LENDER WHO WILL SUPPORT AN FL ACQUISITION
We are negotiating an LOI right now on a business with $6.4M in revenue and $1.4M in EBITDA. The seller wants confidence that we have the $6.6M purchase price ready to go before he will take us exclusive. Equity is not an issue, but looking for $3.5M of debt is proving tricky (not able to do SBA because of our structure). There is over $3.5M of collateral for the loan, and we are flexible about covenants.
Does anyone have a good lender recommendation who will work in Florida? Feel free to email me at [redacted] if you have a recommendation.