Conventional Lenders for Larger Acquisitions >SBA limits

May 02, 2023

by a professional from University of Utah in Salt Lake City, UT, USA

Working on a couple of larger deals ($30M range purchase price). Looking for lenders that play well in the conventional loan space vs SBA.
One is related to construction (Cement), and the other is Manufacturing.

Looking at conventional because of the acquisition size. Also, have some equity partners already (as much as needed but likely 30%-50%). EBITDA is super healthy on both deals.

Any recommendations? Who should I be talking to?

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

We have lenders that will do deals conventionally, but I can confirm from the above they will require substantially more equity and it depends on deal structure. Happy to have a discussion at any time. You can ping me here or directly at redacted Good luck.

Reply by an investor
from Seattle University in Seattle, WA, USA

Ability to get non-recourse financing depends on size of loan request and EBITDA. The larger EBITDA the better chance you have of getting non-recourse financing. Each region typically has a couple of banks that will do non-recourse financing. The trade off is that you will get less leverage than an SBA deal or recourse deal, which means more you need more equity for the deal. Shoot me an email at redacted if you would like to talk through you options.

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