Seeking Non-SBA Lenders that Treat Seller Notes as Equity

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by a searcher from University of Tennessee - Knoxville
in Nashville, TN, USA

2yrs ago

Seeking Non-SBA Lenders that Treat Seller Notes as Equity

In honor of Sarah Moore, whose story has blown minds on this platform and others, which Lenders treat Seller Notes as Equity AND lend Sr. Debt up to 75% of transaction price?

(If you're not familiar with Sarah's story, she bought a business with a 75% Sr. Debt/25% Seller Note capital stack.)

8 Likes

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reply by a searcher 2yrs ago
from University of Tennessee in Nashville, TN, USA

^redacted‌ redacted

reply by a searcher 2yrs ago
from East Carolina University in Atlanta, GA, USA

Ok. To save everyone the time on this interview with Sarah here is the synopsis.

1. Sarah is a Havard MBA grad 2. Sarah is extremely driven (like extreme) and very bright. 3. Her life story is actually more amazing than her acquisition (real life struggles). 4. She is not hard on the eyes...which helps to get attention and/or get noticed (she admits using her height in an example).

Is the video worth a watch for inspiration? yes. Your first million is a great pod for ideas and inspiration and her story is wild.

But if you want the secret sauce...what you will find from the interview is that simply someone put in the work to grind through business development / search. Found a non-sexy industry to buy and bought based on what she was able to get (because she had little money) vs. searching for a specific industry. I would bet that if she hadn't found her speciality packaging business, that she would still be pounding the pavement searching for a deal.

Super synopsis: Heavy dealflow equals an eventual deal...keep grinding. If you have no money, focus on deals with good numbers in less sexy/popular industries.