I'm in discussions with a seller who has a classic car restoration business. I have seen the financials and we have discussed pricing. The business is projected to realize significant growth in 2024 and the seller is leaning in to that growth in his desired target price. I want to see if there is a way to leverage the SBA's forgivable seller note as an option to be able to offer the seller a better asking price yet protect myself should the growth not materialize as projected. Are there any lenders with experience (and comfort) with the automotive industry and has experience structuring something like this? For a point of reference, this business has annual revenue right around $1M. Thanks.
Looking for lender for auto restoration business
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