SBA lenders and project-based work

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by a searcher from Michigan State University
in Los Angeles, CA, USA

2yrs ago

SBA lenders and project-based work

I understand that businesses that do primarily project-based work, especially in the trades/construction, are not loved by SBA lenders and for some are hard nos. What things would need to be true for one of these businesses to still be fundable outside of the typical criteria of DSCR, keyman risk, strong historical performance, etc.?

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reply by a lender 2yrs ago
in New York, NY, USA

We recently placed a large acquisition term loan for the acquisition of a construction company with 100% project related work. It depends on the nature of the projects and client base, where sometimes "re-occuring" revenue can be almost as good as recurring revenue, when it's coming from the same mix of clients on a consistent basis. There are many other factors, but that's an important one. Feel free to contact me at redacted to discuss further.

reply by a lender 2yrs ago
from Eastern Illinois University in 900 E Diehl Rd, Naperville, IL 60563, USA

Construction companies are always harder to finance. However, so long as the deal makes economic sense we have had a lot of success placing them. Happy to have a discussion at any time at redacted Good luck with the search.