QUESTION ABOUT PROOF OF FUND FOR BROKERS
I'm a self-funded searcher and I have a deal where I have made it to the last round of bidding. The broker agrees that my offer amount is in line with others and there's good chemistry between me and the seller.
However, they mention that my ability to raise the funding needed is of concern as there are other parties that have the liquid cash on their balance sheets to buy the company. I have already provided support letter from equity investors in combination with a soft commitment from a bank. Collectively this exceeds my offer price but it doesn't seem to satisfy the broker.
I obviously don't have the liquid cash on my balance sheet and can't compete on that. Any suggestions on what else I can do to alleviate their concern? Thanks.