Expansion loan for bolt-on acquisition
December 30, 2020
by an investor from New York University in St. Louis Metropolitan Area, USA
I own an ecommerce business generating $1.5 million in EBITDA and have excellent credit. I currently have an SBA loan. I would like to acquire a second ecommerce business the same size or larger.
Are there any U.S. lenders that offer non-SBA expansion loans for 100% of the purchase price? How would I calculate the maximum loan amount I would qualify for? Let's say I find a business that generates EBITDA of $3 million. Would a lender provide an expansion loan for that or would they want the acquisition to be smaller than the current business?
from University of Georgia in Los Angeles, CA, USA
Why don’t you want to use an SBA loan? You can stack them as long as you keep a healthy dscr
from Georgia Institute of Technology in Atlanta, GA, United States