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  1. #1

    $4.5M Acquisition Loan- $8M Collateral of Equiptment

    The title says it all-
    My client would like to purchase an existing Gas Transportation company that has ~$8M in equipment assets. He'd ideally like to use the equipment as collateral, but i'm open to anything that may get it done

    I do a lot of MCA and some equipment financing, the occasional term loan. I have no experience with acquisition loans.
    Can somebody point me in the right direction?

  2. #2
    This type of transaction is best handled as an SBA 7a loan.
    I can help you navigate this loan process.
    Dan Wallace
    SVP
    Enterprise Bank
    National, direct SBA lender
    Fast and creative financing solutions
    970-390-6650
    dwallace@enterprisebank.com

  3. #3
    Senior Member Reputation points: 66298 Olderguy's Avatar
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    Ok..let's stop for a minute...You can do a SBA business aquisition loan for 10% down and 10% working capital. You can do a seller carry back with 5% down. A 504 could be 100% financed. But it's the buyer who has the assets in this instance. What kind of assets does the seller have in the business and are they collateralized. Is there commercial property involved that can be used as a SBA 504? You need to look at the whole package to determine what the best option might be. You just can't throw out a program without gathering some facts. Reach out if you need help with this. You need someone with experience to figure out the best option.
    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.

  4. #4
    Senior Member Reputation points: 39157
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    Quote Originally Posted by Olderguy View Post
    Ok..let's stop for a minute...You can do a SBA business aquisition loan for 10% down and 10% working capital. You can do a seller carry back with 5% down. A 504 could be 100% financed. But it's the buyer who has the assets in this instance. What kind of assets does the seller have in the business and are they collateralized. Is there commercial property involved that can be used as a SBA 504? You need to look at the whole package to determine what the best option might be. You just can't throw out a program without gathering some facts. Reach out if you need help with this. You need someone with experience to figure out the best option.
    Hey, I've been wanting to say it for a while but... this guy knows his shtuff.

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