Looking for alternative lending recommendations

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February 11, 2024

by a searcher from Indiana University, Bloomington/Indianapolis - Kelley School of Business in Houston, TX, USA

Hi searchers! Any recommendations on alternative / private lending sources?

For a bit more context: We’re at the tail end of one DD and in the middle of another. There’s a chance we might do both deals a few months apart (we’re three partners so we have the capacity) to create a platform. Both in the home services space, so we can only fund one with the SBA (which we are). Looking for an alternative lending source for the other; the lender would have to be comfortable with a largely project based business in its history (but we have plans to make it less so).

Thank you!

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commentor profile
Reply by a professional
from Bellevue University in United States
It depends on the size of the deal and what you end up paying for the 2nd deal. If the second company falls under the same NAICs code as the first, the SBA will 100% finance it since it's in the same industry. That's given on the amount of your first deal, though, and whether you've maxed out the SBA.
Depending on how much you're needing, you could always go to either friends & family, Angel investors, or if it's big enough, you go to PE or family firms. They're more than likely will want to be equity investors, but a slice of the pie is better than none.
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Reply by an intermediary
in New York, NY, USA
Along with dozens of SBA lenders, we have a strong cohort of private non-SBA lenders on our CapFlow platform that can do acquisition financing.

Feel free to email me at redacted and we can discuss what your best options are,
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