Conventional Loan Options

searcher profile

August 01, 2024

by a searcher in San Francisco, CA, USA

I'm exploring a company that recently became profitable after a long COVID recovery. This won't be a fit for the SBA, so I'd like to explore a conventional loan backed by the assets of the business for the upfront payment (there will be a large seller note for the remaining). The business has roughly $1M in hard assets and contractual recurring revenue.

The loan would be for 400k-500k.



Does anyone know lenders that may be a good fit?

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commentor profile
Reply by a lender
from Eastern Illinois University in 900 E Diehl Rd, Naperville, IL 60563, USA
We would be happy to take a look and see if there is an option for you. I would concur with Ted though, it is going to be challenging to do. It really depends on the type of assets there and what type of financing you can qualify for. If interested you can reach me at redacted or here. For the record, we are a Commercial Loan Broker but work purely on a "Success Fee" basis and we do not charge anything up front, so we will not waste your time if it is something we cannot help with.
commentor profile
Reply by a lender
in Stuart, FL, USA
Why do you feel it would not be a good loan for an SBA lender? Because of the downward trend the business took because of COVID? You can do turnarounds with SBA, we do them all the time... Can you provide more details?
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