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
from Harvard University in Boston, MA, USA
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?
from Eastern Illinois University in 900 E Diehl Rd, Naperville, IL 60563, USA