Non-SBA Debt Providers for $3-8m loan

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by a searcher from Elon University - Martha and Spencer Love School of Business in Washington D.C., DC, USA

1mo ago

Non-SBA Debt Providers for $3-8m loan

I'm seeing a lot of searchers post about raising non-SBA debt around $3-8m. I know there are a lot of providers up market but has anyone seen debt providers for these small deals?

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Reply by an investor 1mo ago
from Stanford University in Mexico City, CDMX, Mexico

Thanks for tagging ^redacted‌. I haven’t seen banks participate in deals of this size; you may want to consider private debt. Here’s a link (redacted to a company that I believe could be interested in lending for your deal. I hope this is helpful—best of luck!

Reply by a searcher 1mo ago
from Georgia Institute of Technology in Charleston, SC, USA

I considered a non-SBA deal for a manufacturing business. A real estate loan at the top of the appraisal range. A "factored" loan backed by significant receivables. A seller note backed by FF&E and inventory. All of this together was about 75% of the asking price including real estate. Ultimately, I walked away from the deal when I saw the receivables aging report and the details of the "factored" loan. Top customer was about 30% of revenue but more than 90% of receivables over 90 days.

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