Minorty investors with no step-up?
Hello, I'm actively searching for a home services business doing $2-5mil in revenue. I prefer to have investor help so I'm not so leveraged with SBA debt. Do investors exist that would accept a simple common equity structure instead of a step-up structure? i.e. investor gets 25% ownership, proportional distribution rights, and proportional proceeds at exit. No preferences, no ratchets, no board control. Does this exist, or am I dreaming?