Results 1 to 8 of 8
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11-09-2018, 10:04 AM #1
- Join Date
- Mar 2018
- Posts
- 17
Business Acquisition loan 480k
Good Morning DF
Stuck on a deal so I figured I'd throw it out here.
I have a client that is trying to buy a testing laboratory. Asking price is $480,000. The borrower sold his old lab about 2 years ago for quite a profit but wants to get back in his industry. SBA was killed for the lab also being sold 8 months ago to a different company, and now its being sold again (regulation has changed about owning testing facilities and treatment centers.) Borrower Liquidity is north of 1M. Looking for a lender that would do an amortized product, prepayment penalties are fine.
In summation Problems with this deal
Frequency of times this lab has been sold in the past year
Borrower does not have an operating business (does have a corp set up for the purchase though)
No equity in property for this transaction
Pro's of this deal
Good Liquidity
780 Credit score
Industry Experience
Borrower has been moving testing accounts to the lab already, there are over 400k in receivables sitting in the account at time of purchase
Seller and Purchaser have a strong business relationship.
If a business acquisition loan strikes anyone fancy, shoot me a DM.
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11-09-2018, 10:36 AM #2
- Join Date
- Jul 2015
- Posts
- 168
DM'd you.
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11-09-2018, 10:47 AM #3
- Join Date
- Dec 2013
- Posts
- 4,713
London tea party - love the name !
Marcus Clapman | Business Development | Cresthill Capital
(High Commissions Payout Group)
覧覧覧覧覧覧覧覧覧覧覧覧覧
Tel: 917-521-6528 | Fax: 212.671.1473
Email: bizdev@cresthillcapital.com
http://www.cresthillcapital.com
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11-09-2018, 11:52 AM #4
- Join Date
- Jan 2015
- Location
- Laguna Beach
- Posts
- 463
How much can he put down?
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11-09-2018, 12:04 PM #5
- Join Date
- Mar 2018
- Posts
- 17
up to 20%, only real reason for this loan is retaining liquidity.
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11-09-2018, 07:30 PM #6
- Join Date
- Jun 2016
- Location
- Tampa, FL
- Posts
- 180
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11-19-2018, 05:50 AM #7
- Join Date
- Nov 2018
- Posts
- 2
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11-19-2018, 06:41 AM #8
- Join Date
- Dec 2014
- Location
- Quogue, NY
- Posts
- 1,108
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