Seeking SBA Lender for $7m deal in California

January 26, 2021

by a searcher from Napier University in Aberdeen, UK

I am a UK resident who has a deal in place to buy a US-based business in Los Angeles. The company is a strong participant in the niche market of media production and Equipment Sales and has a selection of premium well-known client names on its books and is looking to broaden its horizons in product marketing and demographic footprint. Given the uniqueness of product and successful project completion work, the company enjoys a large amount of repeat orders and is cosily positioned to market technologies of the future as they are brought to market having a skilled workforce in this field.

I do not have the millions of dollars required at hand to make this purchase. I see an SBA solution as a potential funding option and as I am UK-based do not qualify for the lending criteria at the moment. This is where I need a US-based investment partner who would be willing to partner in my venture with a majority shareholding required to secure the lending facility. I am willing to reach out to any wiling participants to discuss further and understand more about this deal

Reply by a searcher
from Drexel University in Philadelphia, PA, USA

^redacted‌ I reckon what you are seeking is an equity partner who is a US Citizen/resident to help with the SBA process, since you would not qualify for SBA (since I assume you are a UK Citizen residing in the UK). I am happy to learn more about your project. Drop me a note at redacted and happy to help if I can add value!

Reply by a searcher
from University of Pennsylvania in Toronto, ON, Canada

^redacted‌ Does that mean that a full sale of a business whereby, a US citizen (or corporation controlled by that individual) can own 51% and the remaining 49% can be owned by a non-US citizen (i.e., a Canadian entity)? Will the SBA back the above, and if so, does this change the SBA 7(a) math involved?

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