[RaveDave]

Does anyone know which companies provide loans to help buy a restaurant? What is a good fit here?

[Yankeeman07]

Does anyone know which companies provide loans to help buy a restaurant? What is a good fit here?

You do not provide many details - SBA 7 (a) could be a solution.

A business owner is not going to utilize MCA $$ to purchase a business.

[MattNBC]

You do not provide many details - SBA 7 (a) could be a solution.

A business owner is not going to utilize MCA $$ to purchase a business.

That's not true at all.. I closed a $10 million MCA that was utilized to buy a meat facility that was closed down. There was another lender doing $15 million so combined $25 million. We are both being taken out by a senior lender with mortgage terms on the building.

I also have closed a $3 million MCA for acquisition purposes - This one was very tricky, majority owner who was 80% was Canadian, his brother was US Citizen at 20% ownership - No prior business history either. They were taking over an existing business.


MCA is definitely being utilized to close on acquisitions. Most have exit plans to take out the MCA within a couple of months.

[Bcooper]

That's not true at all.. I closed a $10 million MCA that was utilized to buy a meat facility that was closed down. There was another lender doing $15 million so combined $25 million. We are both being taken out by a senior lender with mortgage terms on the building.

I also have closed a $3 million MCA for acquisition purposes - This one was very tricky, majority owner who was 80% was Canadian, his brother was US Citizen at 20% ownership - No prior business history either. They were taking over an existing business.


MCA is definitely being utilized to close on acquisitions. Most have exit plans to take out the MCA within a couple of months.

Why would you ever use an MCA for this? You can close a bridge loan within a week, two if it's a complicated one. It would also be at a far lower rate, not shaming you for making a bag, but from a business perspective, it's quite literally the dumbest move you could make. Anything over a 1.10 factor rate is going to be far more than what it would have cost to do it with traditional products.

[MattNBC]

Why would you ever use an MCA for this? You can close a bridge loan within a week, two if it's a complicated one. It would also be at a far lower rate, not shaming you for making a bag, but from a business perspective, it's quite literally the dumbest move you could make. Anything over a 1.10 factor rate is going to be far more than what it would have cost to do it with traditional products.

Lets talk.. Maybe you have another product I can add to my toolbelt... A lot of the people are coming to us and using MCA for the speed... Many of these guys get 12 month 1.20 - 1.25 deals but the early payoffs start at 1.09 - 1.12 for when they get them paid off so they're right there with the 1.10 you mentioned above. I've got a lot of people who have senior lenders and equity in place and they need the last piece. We are often on the phone with the senior lender for a subordination agreement of some sort or just some sort general understanding that we are funding besides them.

A lot of ABL guys use us for over advance situations, we don't need personal guarantee always and we can do a lot of different part of the agreement in the form of a spring - Like a springing UCC if they miss a payment, we've even considered doing springing security interest before too.

But I'm using the tools I have in my toolbelt, maybe you have a new tool for me.

[Bcooper]

Lets talk.. Maybe you have another product I can add to my toolbelt... A lot of the people are coming to us and using MCA for the speed... Many of these guys get 12 month 1.20 - 1.25 deals but the early payoffs start at 1.09 - 1.12 for when they get them paid off so they're right there with the 1.10 you mentioned above. I've got a lot of people who have senior lenders and equity in place and they need the last piece. We are often on the phone with the senior lender for a subordination agreement of some sort or just some sort general understanding that we are funding besides them.

A lot of ABL guys use us for over advance situations, we don't need personal guarantee always and we can do a lot of different part of the agreement in the form of a spring - Like a springing UCC if they miss a payment, we've even considered doing springing security interest before too.

But I'm using the tools I have in my toolbelt, maybe you have a new tool for me.

Feel free to give me a call, I've spent the last year and a half building out a custom trained AI, it has a few different components but it can identify a fund for just about any transaction you could throw at us with the exceptions of MCA's, Equipment finance, and Non profits. We can get just about anything else done quickly. Outside of what i just listed we have no max size, industry, or location restrictions.