Hello,

I have a client in the following situation

Does not qualify for SBA and is located in Orlando, FL

Service Business is valued at 700k
Buyer putting in 163k
Seller note $175k
Seller equity roll $25k

Unsecured funds needed - $337k that the borrower will put in a PG for
The Business has equipment as collateral (not 100% value to loan)

Borrower is open to multiple structures and is not rate sensitive, but prefers I/O with balloon
Exit plan would be to refinance them into SBA
Term would be ~24 months

Happy to discuss more with any qualified DIRECT LENDERS

Any recommendations are appreciated