Seeking $10 million in debt from non-SBIC lenders

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March 13, 2023

by a searcher from The University of North Carolina at Chapel Hill - Kenan-Flagler Business School in Marblehead, MA, USA

Have recently secured a deal under LOI and seeking appx. $10 million of debt (<2x EBITDA) from a non-SBIC lender as >50% of the company's staff are outside of the US. Any recommendations would be much appreciated!

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Reply by an investor
from Massachusetts Institute of Technology in Boston, MA, USA
Does anyone know how does the equity % get allocated to investors if the searcher is already putting a PG on a SBA loan? Is the % for the investor based on the enterprise value or the equity value?
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Reply by a searcher
from University of Georgia in Greenville, SC, USA
Alex - I'd recommend talking to Matt Goers redacted at First Bank of the Lake. He's been extremely creative on my international deal. Let me know if you want me to make an intro.
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