Looking for Senior lender recommendations

searcher profile

August 26, 2020

by a searcher from Dartmouth College - Tuck School of Business at Dartmouth in Seattle, WA, USA

We just signed an LOI on a blue collar trades business in Washington state and are looking for a senior lender to support the deal.

The purchase price is $8.2 million, EBITDA in 2019 was about $2.1 million. The seller has agreed to a $1 million seller note payable over 5 years. We are looking for a senior lender who can provide a +$4 million, no-recourse, commerical loan to fund the acquisition.

If you know someone, I would appreciate a message either here or at redacted

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commentor profile
Reply by a lender
from University of Missouri in St. Louis, MO, USA
If you are looking for bank financing the main question will be collateral. Are their assets either inside or outside of the business to cover the debt (in this case would need roughly $5 million in assets depending on what they are)? If not then most banks will need the SBA based on the EBITDA size which would require a PG.
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Reply by a professional
from Missouri State University in Chicago, IL, USA
We specialize in helping companies find financing. Happy to discuss your options. We are working on a couple of acquisition financing projects at the moment as well. You can email me directly at redacted
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