How many EBITDA turns of bank debt is realistic for a SaaS business?
Traditional searcher here! Frequently, I come across SaaS businesses with great margins, however, on the higher end of TEV. In most cases, I assume a bank debt of 2-2.5X EBITDA for a 7 year term at 8% interest rate. Are these the typical terms these days? Sometimes, even an extra half turn can make the numbers work.
Also, who are the most popular lenders in the US?
