Post LOI to Close Timeline

searcher profile

May 23, 2024

by a searcher from The University of Chicago - Booth School of Business in Chicago, IL, USA

Hello All,

I know every deal is different, but I would love to crowsource, what are the major milestones / timelines for post LOI through Executed Deal?

Thanks,
Kevin

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commentor profile
Reply by a lender
from California State University, Sacramento in Seattle, WA, USA
Hi ^redacted‌. I know you’ve been tagging me and I’m just back to office from vacation. 😀. Sorry I’ve been missing commenting.

Hi, Kevin!

Usually from signed LOI to close, takes about 90 +/- days for an SBA loan and the LMM M&A process. We have a process roadmap we’re happy to share with the usual details. Email for us to share. redacted
commentor profile
Reply by an intermediary
from The College of New Jersey in Princeton, NJ, USA
Varies wildly in my experience. If SBA is involved (especially 7a), things can go left at any point with strictly disciplined underwriters involved. My partner and I pursued a 7a loan of $450k to open our Ellie clinics and###-###-#### days turned into 5-6 months. We got it done but it was full of pain and suffering, lol.
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