Seeking SBA Lender for $4.1 million purchase under LOI, Seller carry of $1 million

March 29, 2021

by a searcher from Pepperdine University - Graziadio School of Business and Management in Boise, ID, USA

I have a niche construction service business under LOI and seeking SBA or commercial lenders who have the ability to get this type of deal done in###-###-#### days.

Over the last several years, YOY revenue has grown ~20% annually, with 2020 revenue of $6 million and EBITDA of ~$1.3 million. It's run by an owner who handles everything himself - aside from bookeeping - and does not use any software or technology in his business processes, which coupled with the lack of an operations manager/GM, have hindered his ability to truly scale the businesss.

Here are the bullet points:

$4.1 miilion purchase price

$1 million seller carry ($800k balloon due in 2.5 years, $200k stand-by for the duration of SBA)

2021 YTD EBITDA ~$500,000

Located in the Pacific Northwest

I have bank statements, tax returns and full Quickbooks access, going back ten years. Feel free to message me here on SF or directly - redacted

Reply by a lender
in Yorba Linda, CA, USA

Hi Terrance, This might be a fit for us if the revenues are based primarily on repair and maintenance rather than new construction / installations We have a Service Contractor industry vertical with deep expertise, and ^redacted‌ (my business partner) is located in the Seattle area. Live Oak is the #1 SBA lender in the nation by $ volume and our team specializes in search funds. Please reach out if you are interested in speaking with us: redacted

Reply by a lender
from The University of Chicago in Chicago, IL, USA

Hi Terrence - I'm managing a social impact private debt fund called the Good Jobs Fund. Pacific Northwest is one of our core markets. We offer senior term loans w/ flexible terms - target loan size is $3M. Pls reach out - redacted

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