SBA and investor backing
I am closely reviewing an institution’s financials. Revenue and EBITDA have declined over the past three years.
I’ve submitted an LOI with a new proposed selling price and increased seller’s financing obligations, based on my assessment of the school’s valuation and risk. These propositions are amongst other factors that must be satisfied during the due diligence process.
I am confident that, with my extensive years of industry experience, I can turn the company around.
I fear SBA banks and investors might not approve financing the sale due to the risk involved.
If you’ve encountered a similar situation, please share how you approached this potential deal.