US Cash Flow Lenders for Home Service Companies

October 06, 2022

by a searcher from Ivey Business School at Western University in Toronto, ON, Canada

Hi Searchfunder Community - Are there any names that come to mind for search fund friendly US cash flow lenders? We have heard of Live Oak, Bank Prov, and Professional Bank but was curious if there are others that are active in the space?

We are looking at a home services business in the Northeast with ~$2M of EBITDA. We've had many conversations with regional banks but none of them seem to be conformable with cash flow loans.

Thanks!

Reply by a lender
from Eastern Illinois University in 900 E Diehl Rd, Naperville, IL 60563, USA

I would be more than happy to have a discussion and go over what type of options exist. We are a Commercial Loan Brokerage shop with over 350+ funding partners, and we have a pretty good handle on what is available in the market and what the options look like. Please let me know if you would like to schedule a call. You can reach me at redacted Thank you.

Reply by a searcher
from Harvard University in Salt Lake City, UT, USA

California Bank of Commerce is familiar with the search fund space (as well as some of the others mentioned) and have done cash-flow based term / acquisition lending. Many of these banks want to be familiar with the LPs in the cap table, so self-funded folks will usually land on the SBA side of things.

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