Looking for lender for auto restoration business

searcher profile

February 09, 2024

by a searcher in Loudon, NH, USA

I'm in discussions with a seller who has a classic car restoration business. I have seen the financials and we have discussed pricing. The business is projected to realize significant growth in 2024 and the seller is leaning in to that growth in his desired target price. I want to see if there is a way to leverage the SBA's forgivable seller note as an option to be able to offer the seller a better asking price yet protect myself should the growth not materialize as projected. Are there any lenders with experience (and comfort) with the automotive industry and has experience structuring something like this? For a point of reference, this business has annual revenue right around $1M. Thanks.

0
2
19
Replies
2
commentor profile
Reply by a lender
from Eastern Illinois University in 900 E Diehl Rd, Naperville, IL 60563, USA
We have done some creative structures on seller notes. I would be happy to have a discussion. You can reach me at redacted Good luck!
commentor profile
Reply by a professional
in Crystal Bay, NV, USA
seller notes using ZimpleMoney tools is a great resource for sellers managing buyer notes. redacted LMK how we can help.
Join the discussion