Looking for NON SBA debt capital for a deal

by a searcher

1 month ago

I own a platform company in the pest control space and am looking to find a small loan to acquire a local competitor. I took a majority stake in the platform last year but the seller retained a decent equity portion and continues to run the day to day operations. The purchase was a stock purchase so our EIN number didn't change either.   The loan size is around 350k and must not be SBA. If this is something anyone here can help with, either because they are a lender or know one who can pull off this kind of deal please let me know. 

Thanks

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3 comments

investor from Columbia University

Have you talked to a CDFI? That could be a good option. Feel free to ping me if you have any questions.

1 month ago | like reply | 0 likes

lender from California State University, Sacramento - College of Business Administration

For this size loan you might have a hard time finding a non SBA conventional lender. For this side maybe think equity and seller note. Or equity seller note and earnout.

1 month ago | like reply | 0 likes

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