Funding for an acquisition

searcher profile

December 08, 2024

by a searcher from Loughborough University in St. Petersburg, FL, USA

Hi everyone ,

We are currently in the process of a roll up in the online training consultancy space.

We have a signed LOI and agreement with the seller for a business going 1.8m EBITDA and 5m in revenue. This is aligned in balance sheets, p&ls and bank statements, however the tax returns are low. This is the main issue we have faced with other funders so far.

However, we are now looking tawords revenue based financing.

We need 600k on close to close this deal by the end of the year. The business is based in New York however we are not US citizens. Despite this the current CEO is staying on board and will have 5% equity.

If this is something that you could help us with please let me know.

Thank you.

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Reply by an investor
from Hofstra University in Tampa, FL, USA
Since you are in the Tampa area, suggest reaching out to Tom Wallace at Florida Funders, he knows this space well and might be able to point you in the right direction.
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Reply by a searcher
in Rindge, NH 03461, USA
Who is going to sign the loans? I believe you have to be a US citizen to sign loans, even non-SBA loans. (The banks need someone to go after in the event of default)
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