Seeking SBA & Private Lending to fund a WISP acquisition

searcher profile

October 29, 2024

by a searcher from Bellevue University in Houston, TX, USA

Wireless Internet Service Provider (WISP) has accepted our LOI Seeking debt investors to get the deal across the line Looking to do a 80/20 split with SBA and private lender but open to other creative financing options Total asking price: $795K Seller’s note: (10%) Seeking up to $143K of debt equity from private lender to fund the remaining capital I have a preferred SBA Lender available to cover 80% (if required) but open to a bundle package with a lender that can provide both private and SBA funding Also, I am willing to fund up to 10% of personal capital (if needed) Location: Texas - Revenue: $859K - Ebitda: $262K - FF&E: $250K - 85% Gross Margin, 28%+ SDE in 2023 I have over 10 years in this space therefore I will be positioned as owner/operator Growth Potential: Add additional towers, install fiber optics, expand services to new customers & new markets A roll-up strategy of other ISPs would vastly increase growth The company was established in 2005 and has grown to provide wireless internet to customers in a wide area in Texas covering a few mid-sized cities and numerous small towns in the area 56 Towers: 50% are owned by the company and 50% are leased Experienced Staff in place: Management, Engineers, Field Techs, Cust Service, etc. High Quality equipment with great customer satisfaction ratings Long term relationships with customers Subscription/Recurring revenue (MRR) This is an exciting opportunity to be a part of a growing ISP looking to expand in TX, Oklahoma, Louisiana & Arkansas Only serious inquiries from financial professionals with the know-how to make deals happen Please contact me for more details including personal and business financials. Thanks!
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commentor profile
Reply by a professional
from University of Massachusetts Amherst in Boston, MA, USA
Hello Torrance, I would like to know more! I sent you a DM.
commentor profile
Reply by a professional
from University of the District of Columbia in Dallas, TX, USA
I like this! Straightforward deal.
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