Looking for favourable banks in Canada to assist with M&A

by a searcher

6 months ago

Looking to start my journey of aquiring businesses with seller financing and have the banks (lender) fund the remaining cost. Are there specific banks that would be more inclined to this structure than others?

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searcher from Ivey Business School at Western University

BDC and Royal Bank of Canada are the ones I like. RBC usually has better terms and BDC is good to get the deal done. (FYI BDC is a crown corporation)

4 months ago | like reply | 0 likes

searcher from Queens University

This post seems well answered, so I'll give a little perspective from experience. Working in commercial at TD, they were an an early adopter of financing searchers in Canada so they have a good history supporting the industry. BDC also tends to be a motivated lender, but you'll pay more on the rate. However, you can't really go wrong with any of the big 5 as it mostly comes down to who your Relationship Manager is and the experience their credit team has in the type of lending you're looking for.

5 months ago | like reply | 0 likes

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