Funding an acquisition in Canada - reasonable expectations for LTV debt?

January 11, 2023
by a searcher from British Columbia Institute of Technology in Vancouver, BC, Canada
Hi everyone,
I finished a brief run through of SIG's Self Funded Search Study and it made me curious if the debt side of the transaction is comparable to a Canadian transaction. The study found 44% of respondents who acquired a company between $500k-$999k EBITDA (where I am searching) were able to leverage between 80-89% LTV
Most of that debt was covered by an SBA loan - I think about 10-20% total debt was through seller notes
Has anyone had experience with LTV percentages in that range - or close to that range - in Canada, and what bank/institution/product did you utilize to complete the transaction?
Thanks!
Chris
PS - Thanks to the guys at SIG and the Acquiring Minds podcast ^redacted^redacted ^redactedredacted
in Toronto, ON, Canada
from Carleton University in Toronto, ON, Canada