Tomorrow a self-funded searcher will close on a $3.1 million acquisition financed with an SBA 7(a) loan.
The self-funded searcher engaged Pioneer Capital Advisory LLC to help with the business acquisition financing.
Pioneer Capital Advisory LLC obtained 2 term sheets for the searcher from top 20 SBA lenders.
Below is some high-level detail on the deal:
*air duct cleaning business
*DSCR figures
2019: 0.26
2020: 0.58
2021: 2.17
The bank that financed the deal provided 80% leverage on the total use of funds with an SBA Express Line of Credit (for working capital) of $125K.
If you're a self-funded searcher that is in the early, middle, or late stages of your search process, I would definitely love to connect with you to see if I can be a resource with finding the best financing options for your deal.
Below is a link to my calendar if you're interested in connecting:
https://calendly.com/pioneercapitaladvisory/general-networking-with-matthias
Cheers,
Matthias Smith
President / Founder
Pioneer Capital Advisory LLC
Phone: ###-###-####
Email: --@----.com
Website: https://www.pioneercapitaladvisory.com/
Pioneer Capital Advisory Deal Closing Tomorrow - $3.1 Million Acquisition
by a lender from University of Wisconsin - Madison
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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.
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