Hey folks - I'm looking at asset-heavy industrial distributors in the Midwest ($2–5M EV, $2M+ in inventory/equipment on the balance sheet). Think welding supply, safety/PPE, fasteners, electrical. I'd love to learn more about how conventional (non-SBA) lending works for these deals, specifically how lenders underwrite against hard collateral, typical LTV on inventory and equipment, and whether a revolver can run alongside the acquisition term loan from close. Would really appreciate connecting with any commercial lenders or advisors who work in this size range. Happy to hop on a call. Thanks!