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Podcasts/Acquiring Minds
Acquiring MindsMay 6, 2024✓ Verified in SBA records

The Allure of Buying a Marketplace Business

with Zach Smith · American Dental Care Partners

Listen to Episode →

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

The Deal

Business
American Dental Care Partners
Industry
dental savings plan / marketplace business (members on one side, dentists on the other providing discounted services)
State
TX
Purchase Price
$450K
Multiple
2.7x
Year
2023
LTV at Close
44%
Deal Source
broker

Financing Structure

Buyer Equity
$250K
Seller Note
$200K

Strategic Rationale

Asset with 40% margins, no customer concentration, and transferable experience from Uber.

Post-Acquisition Performance

Currently in a "J-curve" turnaround; monthly revenue down as sales team was let go to rebuild.

The LenderHawk View

Real lenders that finance similar deals

Active Lenders
10
Median Spread
P + 2.00%
Top Lenders
PNC Bank, National Association44 deals
Wells Fargo Bank National Association37 deals
Live Oak Banking Company23 deals
JPMorgan Chase Bank, National Association21 deals
The Huntington National Bank12 deals
See all matching lenders →

Matched SBA Loan Records

SBA loan filings we matched to this deal

JPMorgan Chase Bank, National Association95%
$98KP + 3.90%FY2016
PNC Bank, National Association95%
$75KP + 2.63%FY2012
JPMorgan Chase Bank, National Association95%
$10KP + 4.85%FY2010

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