Senior lender options for a $4.3M EBITDA business in Michigan

October 07, 2025

by a searcher from New York University in Miami, FL, USA

We currently have a company under LOI in Michigan - a B2B services business generating about $4.3M in EBITDA. The business has strong fundamentals: double-digit growth, multi-year recurring revenue contracts, and high free cash flow conversion. I’m putting together a list of potential lenders and want to make sure I’m not missing any solid regional players. I’ve already been in touch with the usual search-friendly groups (Parkside, Plexus, etc.), but would appreciate any recommendations for other banks or lenders active in the Michigan area or in this type of deal.

Reply by an investor
from Northeastern University in Grand Rapids, MI, USA

Thanks for the tag Luke. I would call fifth third, Huntington and mercantile bank.

Reply by a professional
in Karachi, Pakistan

Hi Alejandro, Congrats on getting a deal under LOI. DMing you a list of SBIC lenders. Also we provide QofE services at Owl Advisory - https://owladvisory.io/ -happy to give you more details if you are looking for a FDD provider.

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