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

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

5yrs ago

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

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 inredacteddays.

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

6 Likes

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reply by a lender 5yrs ago
from University of Pennsylvania in Boca Raton, FL, USA

Hello Terrence, how is your search coming along? If you would like to discuss this opportunity, I would enjoy connecting. Let me know. Thanks.
Richard
redacted

reply by a lender 5yrs ago
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