Looking for commercial lender for $8-9M acquistion. Recommendations?

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May 10, 2021

by a searcher from University of Virginia-Darden - Darden School of Business in Salt Lake City, UT, USA

We're in serious discussions with an add-on acquisition that we're currently valuing at $8-9M. We would like to use non-SBA commercial debt to finance part of it. The company is profitable with a strong customer base. The only issue is that they will have $2M in PPP debt at the time of acquisition, which I've heard is a hang-up.

Can anyone refer a lower middle market investment bank?

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Reply by an investor
from Harvard University in San Francisco, CA, USA
Hi ^redacted‌ - how much debt are you looking to raise? I assume some of the $8-9 million will come from equity.
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Reply by a searcher
from University of Virginia in Salt Lake City, UT, USA
Sent you a PM. Yes, we can put down adequate equity. Part of the issue is me understanding how much from an IB's point of view is industry standard to finance and how much of an issue unforgiven PPP loans are
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