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What type of topline are we talking about?
$2mm topline.
Are there assets?
No, would be a cashflow based loan.
Sounds like a good time for you to start relationships with your community bankers.
It's likely going to need to be a local community bank. Also guessing you will have to personally guarantee the loan. That seems to be market terms from some folks I know that have gone the search fund route and looked at businesses of that size
I've found no PG for as low as $1.2m ebitda but it took a lot of work.
There's other industry specific lenders at that level but $2m rev is actually the hard part. What industry?
Courier / local last mile delivery for medical items.
My bad wasn’t able to get a non-recourse loan for his business around that same size
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