Investor letter and lender pre-approval requirements?
I am looking to put together a package demonstrating proof of funds to acquire a business currently doing above $750k+ SDE with at least double digit annual growth potential. As an investor, what do you want to see from the searcher before you're willing to provide an investor letter and is it common for the investor to provide proof of funds to support that letter? Separately, do you know any lenders who would be willing to provide a pre-approval sort of letter to support the debt part?