SBIC Lenders & Equity Investors

June 07, 2024

by a searcher from Carleton College in Burlingame, CA, USA

Hi All,

I am a self-funded searcher and I am interested in having a brief discussion with any SBIC lenders that provide debt & equity capital in California. I have been searching full-time for ~12 months and have a few opportunities on the horizon (i.e. ~$1-2M EBITDA). My objective is to learn more about the various parameters in which I should consider when underwriting the acquisition opportunity.

If you are available, feel free to DM me here or email me at redacted you and I look forward to connecting.

-John

Reply by a lender
from Emory University in Atlanta, GA, USA

At Stonehenge, we have a debt SBIC. We might look at a $2mm EBITDA company, but in general, our deals are north of $3mm. Also, you need to look at the 3 yr avg EBITDA if growing fast, we would from a leverage perspective.

Reply by an investor
from University of California, Berkeley in San Francisco Bay Area, CA, USA

I've been through this in the past. The bottom line is that deals below $2M in EBITDa are an automatic pass for most SBIC lenders.

+1 more reply.

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