Seeking Non-Recourse Acquisition Term Loan (Non-SBA)

intermediary profile

February 04, 2025

by an intermediary from Harvard University - Harvard Business School in New York, NY, USA

I've got a company under LOI. I am seeking a $3 million non-recourse acquisition loan based on cash flow of $1 million. I am not seeking SBA financing. Any recommendations? Alan Donenfeld redacted ###-###-####

0
41
328
Replies
41
commentor profile
Reply by a searcher
from Georgia Institute of Technology in Kansas City, MO, USA
After my partner and I did our first deal, we thought to ourselves that it would be the first and last time we would have to PG a loan. Fast forward almost 10 years and 10 completed deals...still have to PG on loans this size, SBA or not. ABL is different for sure though.

The key in my is my mind is to structure your assets such that you can quantify the cost of the PG. For example, my wife and I bought a piece of land via an LLC. We used our primary residence as part of the collateral. When the bank learned that they would be in a junior position to another commercial loan on our house, they removed it from the PG.

The best type of person to talk with about this approach is a bankruptcy attorney.
commentor profile
Reply by a professional
from University of Michigan in Detroit, MI, USA
Hi ^redacted‌, as a first step, I recommend reaching out to ^redacted‌. Additionally, there are various lending platforms that may be useful. For example, connexmarkets.com. Hopefully that helps. If you have any questions relating to the legal side of closing your deal, fee free to reach out at redacted Always happy to talk.
commentor profile
+39 more replies.
Join the discussion