Tips/connections on raising capital in metro-Detroit without proof of funds

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August 01, 2023

by a searcher in Ohio, USA

Hello All,

I am looking for some advice/strategy on (1) raising capital for a self funded search and (2) persuasive responses when asked by Brokers/Sellers for proof of funds?
Has anyone in Michigan been successful with an acquisition through this method?

Thanks!

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commentor profile
Reply by a searcher
from The Johns Hopkins University in Philadelphia, PA, USA
Consider getting letters of support from bank or equity sponsors. I believe live oak can put something together.
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Reply by a searcher
in Ohio, USA
Thanks! I’m mainly concerned with the equity portion (although I have had trouble weigh some banks issuing letters of support).
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+2 more replies.
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