Non-SBA lending options

by a searcher from Pennsylvania State University

2 years ago

Hi everyone, I'm working on a deal that is not going to work for SBA due to a licensing issue. This is a smaller deal, but it's in fire and life safety which is one of the more popular sectors in PE right now so I am trying to get creative.. I'm going to be raising $400-500k of debt to get it across the finish line. Does anyone know of any alternative options that are not exorbitant with their rate? This would be a short term note I'd plan on refinancing after 2 years.

Thanks in advance.
Shawn

0 likes
161 views
1 comment

searcher from College of William and Mary

Are you sure that it's SBA ineligible and not just that that's one bank's interpretation? Assuming it's not the latter- Have you talked to any loan brokers? While most of them will primarily do SBA debt for SMB deals, they might also be able to help with arranging conventional debt. Brad Hettich (who's on here) was very helpful when I was under LOI on a deal that was SBA ineligible.

2 years ago | like reply | 0 likes

More on Searchfunder

Just Closed on My First Deal! Reflections and Takeaways for other Searchers

45,152 transactions are available on Searchfunder (now searchable by keyword)

Now everyone has unlimited IBISWorld access

Family office looking for traditional searchers

Self Funded Acquisition: A few Things I Learned

Examples of self-funded searcher websites

2 Best Ways To Find Motivated Sellers, Off-Market Deals

Investor seeking Self-Funded Search Deals

Searchfunder is an online community and toolkit for searchfunds. Over 80% of those involved in searchfunds maintain a Searchfunder.com account to help them network, problem solve challenges, and keep up with the industry.

We maintain partnerships with database providers that make searching more effective, efficient and affordable along with features that help searchers find deals and investors and vice versa.