non-SBA lending on $1.2M top line 50% SDE highly sticky niche SaaS

by a searcher from Georgetown University - The McDonough School of Business

5 years ago

I'm trying to figure out how to get leverage on a very small, highly niche but super sticky customer subscription SaaS play.  For a few reasons, I'd like to keep the founder involved with some equity so SBA is out as an option.  Also, this is at auction with multiple offers so high seller financing isn't going to work.  Since it's software, there's no assets to lend against.  Asking $2M.  

ideas?  Anyone know players that are willing to lend at those levels and/or some combination of debt + equity for a non-control situation? 

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8 comments

lender from University of Utah

If you are going to roll equity for the seller the SBA is still an option. As long as you keep it below 20% the seller would not have to guaranty. Happy to discuss. --@----.com or###-###-####

5 months ago | like reply | 0 likes

searcher from Georgetown University - The McDonough School of Business

Thanks for the ideas all but it's gone! Sold to an all-cash bid.

5 years ago | like reply | 0 likes

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