I am negotiating an LOI with a seller for a restoration business in California doing ~$1M in EBDITA. The seller plans to roll equity into the new entity and we are looking for a conventional lender who would be willing to underwrite the loan against cash flow rather than collateral. We are prepared to inject 30% to 40% equity with a sizeable seller note to de-risk the deal for the lender. SBA is not a good fit given it requires a stock sale for the seller to roll equity.
Conventional Lender for ~$1M EBITDA business acquisition in CA
![](https://55550cf88fb9105859d2-ecc273435fde99d2e690dfef78341117.ssl.cf5.rackcdn.com/img/defaultprofile.png)
by a searcher from The University of Chicago - Booth School of Business
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.
194 views
12 comments
Sign in to see all replies.
Create an account.