Working on a $9,600,000 healthcare deal in NYC

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by a searcher from Northeastern University
in New York, NY, USA

9mos ago

Working on a $9,600,000 healthcare deal in NYC

I have a deal under LOI and I want to do this deal pari passu. My previous SBA lender said this deal extends past the SBA limits. DM or comment to discuss.

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reply by a professional 9mos ago
from New York University in New York, NY, USA

It all depends on the personal balance sheets of those who are guaranteeing the loan. I don't recall if the SBA changed the guidelines on investor % threshold to become a guarantor. Unless of course you can provide the cash/equity to cover the delta between bank and seller financing. I agree with Steven above that trying to find an SBIC is worthwhile. I assume the $9.6M is 5-6x of SDE/EBITDA so private credit might not be an option because the deal is too small, but don't let me deter you from knocking on a few doors.

reply by a professional 9mos ago
from University of Notre Dame in New York, NY, USA

Hey ^redacted‌ - Working on a similarly sized deal and we were able to utilize an SBA loan for it. Happy to chat through our structure. Shoot me a DM or email me redacted