I know there's no one size fits all, but I'm wondering what people use as their minimum DSCR when evaluating deal structures? Banks in my area have a covenant at ~1.25 and obviously you need cushion on top of that. Any and all thoughts are much appreciated :)
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Mostly, keep in mind, that lenders get paid no matter what, especially when they say hello to your personal guarantee and you say goodbye to your money and maybe your company.