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01-04-2022, 11:04 AM #1
- 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
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01-04-2022, 12:34 PM #2
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.
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01-13-2022, 01:24 PM #3
- Join Date
- Jul 2021
- Posts
- 74
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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