Seeking Non-SBA / Private Debt for Asset-Light Acquisition (Under LOI)

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by a searcher from Columbia University
in New York, NY, USA

4mos ago

Seeking Non-SBA / Private Debt for Asset-Light Acquisition (Under LOI)

Currently under LOI to acquire an asset-light education/coaching business and am actively exploring non-SBA debt financing options. Due to recent SBA rule changes impacting permanent residents, SBA is no longer a viable path for this deal, so I’m focused on private lenders / non-SBA capital for a cash-flow-based acquisition. Deal snapshot: * ~$1.0–$1.5m EBITDA (final add-backs still under discussion) * Purchase price ~$5–7m * Asset-light education/coaching business with proprietary software (~15% of revenue) I’m looking to connect with lenders (or get introductions) who focus on lower-middle-market, cash-flow-based transactions: direct lenders, private credit funds, family offices, or individuals active in this space. If anyone comes to mind, I’d really appreciate an intro or a pointer. Thanks in advance for any direction.

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reply by a searcher 4mos ago
from Columbia University in New York, NY, USA

I appreciate the context, Shain. I think this is a scenario were structure and buyer profile will be even more important. There is an opportunity for non SBA lenders to step in, and seizing that opportunity comes with a risk (that I am sure they will be able to mitigate). I didn't realize until the webinar just now with Lisa and Joe that all owners have to be US citizens, even LP or people who have 0.1% ownership. That creates a large liquidity gap. Working hard on not proving you wrong but on finding alternative paths.

reply by a searcher 4mos ago
from Columbia University in New York, NY, USA

Thanks ^redacted‌ I just sent you an email