Looking for a non-SBA cash flow lender who will support an FL acquisition

by a searcher from Hillsdale College

2 years ago

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 --@----.com  if you have a recommendation. 

Thanks everyone!

2 likes
194 views
7 comments

searcher from University of Toledo

We have numerous financial sponsors that fit this bill, however, the WACC will be higher due to the covenant and collateral light nature of the transaction. DM me if you would like to chat.

2 years ago | like reply | 0 likes

lender from Fordham University - Gabelli School of Business

Jonathan, I've sent you an email from --@----.com I look forward to your reply.

2 years ago | like reply | 1 like

More on Searchfunder

Just Closed on My First Deal! Reflections and Takeaways for other Searchers

45,152 transactions are available on Searchfunder (now searchable by keyword)

Now everyone has unlimited IBISWorld access

Family office looking for traditional searchers

Examples of self-funded searcher websites

Investor seeking Self-Funded Search Deals

What are market terms for Seller Notes?

2 Best Ways To Find Motivated Sellers, Off-Market Deals

Searchfunder is an online community and toolkit for searchfunds. Over 80% of those involved in searchfunds maintain a Searchfunder.com account to help them network, problem solve challenges, and keep up with the industry.

We maintain partnerships with database providers that make searching more effective, efficient and affordable along with features that help searchers find deals and investors and vice versa.