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by an intermediary
2yrs ago
from Wake Forest University
in Winston-Salem, NC, USA
^redacted hits on it below, as well as ^redacted's follow-up answer above; context is critical. Without it, a lot of buyers and sellers think something (pick your term or condition) is market when it truly was a unique one-off.
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by a searcher
2yrs ago
from Harvard University
in New York, NY, USA
^redacted While our acquisition has its positives, it also has not so great qualities as well (flat to declining financial performance, union labor rates and rules, high DSOs, poor cash conversion cycle). It's hard to distill any deal into just a few bullet points and really have a sense of whether the interest rate they received was fitting. Every deal is different and has a ton of important details driving its risk. I really believe many SBA loans should close a lot closer to 5.5% than prime + 1-3% (redacted% as of this post), and sharing the best interest rates (as this post asks) is a way to offer some transparency to a somewhat opaque market and makes it possible to help other searchers not buy into banks' position that prime + 2% is a good offer for a solid cash-flowing business at a reasonable multiple with substantial govt guarantee, corporate assets, and personal guarantee(s).