Mezz Lender willing to look at $1MM EBITDA growth business
September 13, 2024
by a professional from Marquette University in Minnetonka, MN, USA
Asking for a friend. It's a bit of a tough ask/head scratcher but the circumstances at a business I'm advising set up perfectly for a non-bank mezz lender in order to embark on a proven growth plan. Existing business. Steady performance. The challenge is that the current LP base is so broad it would be hard to raise non-dilutive equity and a commercial bank wouldn't support. So mezz is the answer. On the other hand, in my experience, it would be hard to attract traditional mezz fund or SBIC for a $1MM in EBITDA regardless of how good the credit looks. Credit need is for $3MM flexible mezz loan to pay off lender and provide growth capital + unused revolver. <3.0x total leverage.
So, I'm curious if anyone has a mezz lender in mind that would support a $1MM EBITDA company at this level or has any other non-dilutive, flexible financing options in mind?
from Eastern Illinois University in 900 E Diehl Rd, Naperville, IL 60563, USA
from St. Lawrence University in New Hampshire, USA