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