Seeking Senior or Mez Lender for 2.2M EBITDA Deal Under LOI NON-SBA

July 31, 2024

by a searcher from The University of Chicago - Booth School of Business in Chicago, IL, USA

I currently have a 10MM EV services business in the northeast USA under LOI and am evaluating both senior and mezzanine lenders. The company has 5,5M revenue and 2.2M EBITDA. I am seeking 3.75M - 5M senior debt and am looking to close by the end of August/early September.

My group has completed 25+ deals in the past 9 years and I have committed capital ready to execute. We are post QoE and I would be happy to share the lender deck once we have an NDA in place. Please reach out or comment if you are interested or if you know of a firm who this deal would fit their criteria. Thank you!

Requirements:
- Must be a non-SBA loan
- Must be comfortable with cashflow based lending at this rev/EBITDA size
- Must not require PG

Reply by a searcher
from Harvard University in Boston, MA, USA

^redacted‌ have you chatted with Stonehenge? BankProv? Byline? M&T Bank? Live Oak? (better known for their huge SBA practice, but I think they may do some very significant non-GGL as well)

I did not take on debt under your list of constraints so can't speak to it firsthand, but those are the names that come to mind.

Also curious - with 25+ deals in the past decade, what are you hearing back from your existing lender network? Were all those acquisitions made with SBA 7(a) funds and you're now looking to go non-SBA for the first time?

Reply by a lender
from Eastern Illinois University in 900 E Diehl Rd, Naperville, IL 60563, USA

We would be happy to take a look. We are a Commercial Loan Brokerage shop with direct relationships with over 500 funding partners, You can reach me here or directly at redacted if you are still looking. Thank you.

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