Looking for help structuring/financing an 800k deal in Canada

searcher profile

June 12, 2025

by a searcher in Toronto, ON, Canada

I have found a business that is in the same industry as I am from (Photography studio). I feel like I understand almost every aspect of what the owner does on the day to day. Very good fit. Stable revenue. 20 minutes from my house. Purchase price is $###-###-#### - $###-###-#### EBITDA (3x). I have 80k liquid. Net worth is probably double that. I want to submit an LOI but I want to make sure that the seller note contributes to the downpayment OR I have a way of coming up with a higher down payment to make the bank happy, as I hear that 10% is generally not enough in Canada. What are my options for financing this?
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Reply by a searcher
from University of British Columbia in North Vancouver, BC, Canada
^redacted‌ I know a couple of financial brokers who you could speak to about this. Either Ashdown Capital or Crete Capital. Message me directly if you are interested in getting connected.
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Reply by a searcher
from University of Cambridge in Vancouver, British Columbia, Canada
Yes, in Canada, usually a sellers note is considered equity to BDC and banks as long as its sub-ordinate and matures after the bank loan. I'd pursue BDC. The banks are good when there are a lot of assets which I assume isnt the case for you.
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