Looking for non-SBA lender - young business at low multiple

searcher profile

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.

0
3
61
Replies
3
commentor profile
Reply by a lender
from University of Southern California in Los Angeles, CA, USA
Most lenders will need two full tax returns. You can reach out to me at redacted I will need to take a look at the specifics and then can reach out to lenders on your behalf. The bank pay us after your loan closes, so this is a 100% free service for you.
commentor profile
Reply by a professional
in Granbury, TX, USA
happy to take a look - redacted
commentor profile
+1 more reply.
Join the discussion