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06-12-2019, 02:30 PM #1Member
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Recent S Corp Purchase
I have a client that recently did an S CORP purchase of a business that has been operating for 20 years. The bank accounts, ein and company name, client portfolio, location are all the same. He just took over the ownership 2 months back. I know certain lenders don't want to fund a new owner, but because everything in the company is literally the same and the business is running just as it has, i figured that might make a difference. What direct lenders wouldn't mind the recent ownership change?
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06-12-2019, 02:38 PM #2Senior Member
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We do them all the time. We offer factoring and asset based lines of credit.
KHKevin Henry
VP-Business Development
Seacoast Business Funding, a division of Seacoast Bank
561-850-9346
Kevin.Henry@SeacoastBF.com
1880 N Congress Ave., Suite 404
Boynton Beach, FL 33426
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06-12-2019, 02:41 PM #3Senior Member
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Was the new owner working for the company prior to the purchase?
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06-12-2019, 03:56 PM #4Member
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- Apr 2019
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Merchant wasn't an employee before the purchase.
Last edited by Cold Caller; 06-13-2019 at 08:02 AM.
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