Self-Funded Search for non-residents: Non-SBA debt?

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December 19, 2022

by a searcher from University of California, Los Angeles - UCLA Anderson School of Management in Madrid, Spain

Hey SFers!

I'm exploring the option of doing a self-funded search. Non-residents don't have access to SBA loans, so our options for raising money are more limited. I'd love to know what the usual approach is for these scenarios (non-residents making an acquisition in the US), namely:
- Do these searchers tend to go for traditional searches, finding less obstacles in doing so?
- Can they raise senior debt on these, somewhat small (sub-$2M EBITDA), deals? If so, how do terms compare to conventional SBA?

Any info on this front would be super useful. Thanks! :)

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Reply by an admin
from Stanford University in Honolulu, HI, USA
Pinging ^redacted‌ and ^redacted‌ who may be able to assist
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Reply by a searcher
from The University of Chicago in Chicago, IL, USA
The common workaround in my opinion would be to bring in a partner who is a resident. I am curious to hear what folks suggestions are.
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+3 more replies.
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