Company has $60m A/R included in the sale (50% collectable). Purchase price is $35m.
Could the accounts receivable be used to fund the bulk of the acquisition with the rest on a seller note?
Let me know if anyone has and recommendations or contacts that could help.
Using Accounts Receivable to fund an Acquisition.
by a searcher
More on Searchfunder
Searchfunder is an online community and toolkit for searchfunds. Over 80% of those involved in searchfunds maintain a Searchfunder.com account to help them network, problem solve challenges, and keep up with the industry.
We maintain partnerships with database providers that make searching more effective, efficient and affordable along with features that help searchers find deals and investors and vice versa.
We maintain partnerships with database providers that make searching more effective, efficient and affordable along with features that help searchers find deals and investors and vice versa.
Eric Standlee, AF Vet out of Houston, does this on the regular.
He acquires SMBs himself and helps others via the AR Factoring at close method.
Certainly worth a convo with him.
https://ericstandlee.youcanbook.me/