Working Capital or Line of Credit Post Close - Advice

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by a searcher from Brigham Young University
in Provo, UT, USA

1yr ago

Working Capital or Line of Credit Post Close - Advice

I’m getting close to closing on a business acquisition, and while I have just enough capital to finalize the deal, I’ll need a line of credit or working capital loan to fuel growth post-close.

Does anyone have advice on how to secure a working capital loan for a business you’re about to acquire? Ideally, I’d like to have everything lined up so I can close on the loan immediately after the acquisition. I’m looking for a $300K loan.

Any tips, strategies, or lender recommendations would be greatly appreciated. Thanks in advance for your insights!

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reply by an intermediary 1yr ago
from The University of Texas at Austin in Dallas, TX, USA

^redacted‌ I'm happy to help you get this loan. Additionally, you could get it on better terms pro-forma of the acquisition. Please let me know how I can help - redacted

reply by a lender 1yr ago
from Eastern Illinois University in 900 E Diehl Rd, Naperville, IL 60563, USA

I would be happy to have a discussion. Are you using financing for your acquisition? If you are you will need that lender not to take your A/R and/or inventory as collateral most likely. You can reach me at any time here or at redacted