Looking for non-SBA lender - young business at low multiple
November 09, 2024
by a searcher in Overland Park, KS, USA
Looking at an acquisition of a business that is technically less than two years old. Multiple is low. Seller willing to carry a 25% to 30% seller note. Cannot be SBA financed due to less than three years old. Business is growing. Can put in around 20% equity. EBITDA is above $1,000,000.
Need a lender that can finance around 50 to 60% of the acquisition price. The DCR on this would be excellent.
Also, if someone has experience with something similar, I’d love to connect and learn.
Thank you.
from University of Southern California in Los Angeles, CA, USA
in Granbury, TX, USA