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Podcasts/Acquiring Minds
Acquiring MindsNovember 16, 2023

Skip the SBA: Buying a $4m Biz with a Conventional Loan

with Ben Bryer · Meyer Gage

Listen to Episode →

LenderHawk analysis. Not affiliated with or endorsed by Acquiring Minds.

The Deal

Business
Meyer Gage
Industry
manufacturing
Purchase Price
$4.0M
Year
2023
Financing
conventional
Deal Source
referral

Financing Structure

Bank Loan
Seller Note
Mezzanine

Strategic Rationale

Attractive oligopolistic industry with stable cash flows and high technical barriers.

Post-Acquisition Performance

Rocky initially due to management changes; long-tenured employees filled leadership gaps.

The LenderHawk View

Real lenders that finance similar deals

Active Lenders
10
Median Spread
P + 2.00%
Top Lenders
U.S. Bank, National Association78 deals
Wells Fargo Bank National Association77 deals
The Huntington National Bank59 deals
Live Oak Banking Company49 deals
Byline Bank47 deals

Matched SBA Loan Records

SBA loan filings we matched to this deal

U.S. Bank, National Association85%
$25KP + 6.50%FY2012
Mechanics Bank85%
$2.7MP + 2.00%FY2019
Banc of California85%
$1.1MP + 2.50%FY2012

Want the Full Story?

The full narrative — the personal details, the hard moments, the host conversation — only lives in the original. Go listen.

Listen on Acquiring Minds