[Family man]

I have a Client that has signed an APA agreement to acquire an established FedEx Line Haul Contractor.who has the contracts
Purchase price is $13M and is an asset purchase deal
Loan amount requested: $6 million USD.
About the Assets
Current COO, CFO, Controller and regional directors will remain on board.
The company has been a FedEx contractor for 18 years and has had a successful track record with FedEx and all contracts automatically renewed every year.
Gross Rev: $13.3 million
Annual SG&A and OPEX of $10.1
Current EBITDA of $3.2 Million
Company has 3 contracts with FedEx and operates out of 3 different hubs in three states.

Any lender out there that can do this?

[Business2122]

It’s possible for the 6, but it’ll have to be an individual acquisition loan unless your client has an existing business with high revenue or collateral, dm me if interested