Bridge Financing for Acquisition?

July 18, 2024
by a searcher from Rice University - Jesse H. Jones Graduate School of Business in Houston, TX, USA
Has anyone come across a funding solution that could offer $1M or so to bridge a much larger financing for a business acquisition? If so, what was the solution called and if you’ve had a lender who could do it, please share any recommendations.
Business to be purchased at $10.75M, but need $1M or so to bridge the $10.75M. Business does ~$12M in revenue and ~$3M in EBITDA.
from University of Massachusetts Amherst in Boston, MA, USA
from Dartmouth College in Los Angeles, CA, USA