reply
by a lender
2yrs ago
from Eastern Illinois University
in 900 E Diehl Rd, Naperville, IL 60563, USA
I would be happy to have a conversation and see how we might be able to assist you. We are a Commercial Loan Brokerage shop with over 500 funding partners and over 60 SBA lending partners, many of which do parri passu financing. However, the biggest hurdle you are going to have on a SaaS business is the lack of hard collateral. The more goodwill financing you need, the harder it is to get a lender to take on the parri passu risk. The SBA loan and Bank loan on a parri passu loan share in the collateral. If the collateral is all goodwill, the Bank is at risk of a full loss on the Bank portion of the loan in a liquidation scenario. So Bank's tend not to be as aggressive doing parri passu debt when there is not some hard collateral. Just speaking from our experience. I have also seen lenders doing parri passu somewhat pull back recently due to economic concerns. You can reach me here or directly at redacted