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  1. #1
    Senior Member Reputation points: 5633
    Join Date
    Mar 2019
    Posts
    104

    Looking for: 12-14 million for acquistion

    Hello,

    A client of mine is looking to buy another company, SBA not an option due to size. Owners are currently not open to seller financing so need full price tag here.

    My clients business:
    REV: 25mm
    IND: Trucking and fabrication
    TIB: 12 years
    CRE: 700+
    FIN: Profitable on financials, pretty clean, has 1 outstanding MCA at a premium A paper shop
    ADB: Clean, 100k+
    TRU: Currently has 100+ trucks in his fleet


    Business looking to acquire:
    REV: 25-30mm
    IND: Trucking
    TIB: 25 years
    FIN: Unknown but cleaner then my clients company


    Need traditional financing here naturally. Anyone able to point me in the right direction of a possible outlet here?
    IND: Trucking

  2. #2
    Senior Member Reputation points: 66298 Olderguy's Avatar
    Join Date
    Sep 2021
    Location
    Irvine, CA
    Posts
    2,087

    Do they have 20% cash contribution to the purchase price?
    Do they qualify for ABL?
    What's the collateral worth in the 100 trucks?
    Any other collateral?
    What's the balance sheet look like for each entity?
    What's the PFS look like for borrower?
    Steve Benjamin
    Professional Business Loans

    1012 Contessa
    Irvine, CA 92620
    steveprobiz@gmail.com
    https://probizloans.net/
    Broker, Underwriter, general business loan expert
    949.228.1050


    @ 24 hour funding working capital loans
    @ Term loans from 3 years to 10 years at 9.5% and up
    @ Equipment financing up to 7 years
    @ Property loans - Hard Money and traditional - Primary, Investment, commercial, land, fix and flip, construction.
    @ SBA loans - 7A and 504.
    @ Private money equity and debt for major investments
    @ Personal Loans up to gross income from personal tax return.

  3. #3
    Looks like a great deal. We can also finance their trucks or collateralize their existing vehicles.

    Jimmy-718-801-1085
    jimmy@sigicancapitalcorp.com

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