Debt financing for a $3.4M EV acquisition ($1M EBITDA)

searcher profile

March 19, 2021

by a searcher from Hillsdale College in New York, NY, USA

I have an asset-light logistics business under LOI and I am looking for debt financing (non-SBA). Email me at redacted if interested in learning more. Even if this one is not the right fit, I'm trying to build my network of lenders who would consider investments at this scale, and would love to get to know you.

I'm not looking for loan brokers -- only direct lenders (banks, funds, or family offices).


Assets: $1.5M AR (no fixed assets to speak of)
Revenue: $13.8M in 2020
EBITDA: $1.07M in 2020
Acquisition price: $3.2M + 15% equity roll-over for sellers

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commentor profile
Reply by a professional
from Marquette University in Kirkland, WA, USA
If you want to know more about ^Lisa Forrest listen to her on this podcast https://gddpodcast.buzzsprout.com/###-###-#### /###-###-#### lisa-forrest-with-live-oak-bank-discusses-financing-acquisitions-with-john. She does a fantastic job of going over the options for acquisition financing.
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Reply by a lender
from Eastern Illinois University in 900 E Diehl Rd, Naperville, IL 60563, USA
We have over 350 funding partners we place debt with. It is about finding the right lender in the market that is willing to take the risk without hard collateral on a conventional loan. I would be more than happy to walk through options.
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