Lending terms on UK debt

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March 18, 2024

by a searcher from Ivey Business School at Western University in London, UK

I have spent some time meeting with lenders and understanding the terms currently on offer for searchers looking to acquire a UK business. Happy to discuss or share my information with anyone who is looking for some intel on this topic!

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Reply by a searcher
in United Kingdom
Given the level of interest in this post, ^redacted‌ kindly agreed to share his findings on the Buy and Build podcast, if anyone is interested. Scott does an incredible job distilling his findings and explaining the terms (for anyone not coming from a finance background). Thanks again, Scott. https://open.spotify.com/episode/2wVEkGPdGc14XtE646U1j4?si=2218cf0de65845e5
commentor profile
Reply by a searcher
in United Kingdom
I would echo the comments around waiting for terms from credit (preferably more than one offer) before making any major financial commitments. I have had 2 deals die near the finish line, one after getting indicative terms, the other after "final" terms, for no real reason nor due to any new information (both different lenders).

At the end of the day, lenders have no upside in these deals and their best case is they get their money back plus interest- so they tend to be incredibly risk averse.
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