Matt M.’s Post

Rollin' 'Em Up! 🤠 I recently financed the purchase of a restaurant. 👨🍳 This is my 3rd restaurant transaction with this borrower. He is the best partner who gets me files quickly and understands what is needed to reach the finish line. 🏁 He leveraged the new SBA rule on this purchase that allows for -0- down if the business he buys is in the same industry and same geography. 😎 He has a knack for finding restaurants with excellent cash flow (>2x DSC)) that complement his existing operations. 🧠 So happy to be part of his success! 🥇 PSA: Roll-up = combine similar companies to capitalize on economies of scale 📈

Funded $1.8 million SBA 7a loan to assist with a change of ownership for a management consulting company! 😀 Deal points: 1. The buyer was a key employee for the last 10+ years 🔑 2. He had limited post-closing liquidity and limited collateral 🤔 3. The successful loan structure was 90% SBA 7a and 10% seller carry on standby for 2 years. 📄 4. Valuation was 3x SDE. 💲 💲💲 This wouldn't have been possible without the recent SBA policy changes. The buyer had been told by several SBA lenders who have not embraced the new SBA guidelines that he needed a 10% down payment. 😔 I'm happy to say Ready Capital has embraced the new guidelines that don't require a down payment in key employee buyouts or expansions through acquisition! 👍 #employeebuyout #SBAfinancing #expansionthroughacquisition #cashflowlender

I’m happy to share that I’m starting a new position as an SBA Business Development Officer at Ready Capital. I will continue to specialize in business acquisitions and 100% commercial real estate financing.

This Goodwill King has been on a roll in the business acquisition space the past four months! 👑 A $1.2 million franchise 👑$4.3 million construction company 👑 a $1.4 million call center business 👑 a $1.5 million restaurant/bar (only 2/3 of a crown because it had CRE 😉) I added in a $3.8 million equipment refinance for some variety. 😊 Thanks to my referral sources for trusting me to get their deals done! 🏁 #sba7a #eta #businessacquisitions #debtrestructuring

Join our team to hear about the big changes in the SBA 7a world! https://lnkd.in/gY_qxiGq

Thanks to all those that have supported me on my move to Fund-Ex! I have had a great start with help from the Fund-Ex team. ❤️ I'll save the wins for the next few posts. 😃 This is my take on what makes Fund-Ex a good choice to get your deals done: ✔ Business acquisitions - we are cash flow lenders and won't be limited by collateral shortfall i.e. I'm the "Goodwill King" 👑 ✔SBA 7a "Presidential" business acquisition loan - (my own branding!) no down payment required for a key employee who wants to buy the company where they have worked at for at least 2 years and the seller will carry a 10% note ✔SBA 7a "Cash Preservation" CRE loan - (my own branding...again)100% owner-occupied real estate financing for rent replacement deals or expansions 💰 ✔ Speed to close - user friendly technology and very talented team 🚀 #sbalending #sbaeta

Funded this buyer's second acquisition this year. Broker very pleased with the turn time on the transaction and the buyer happy to be adding to his restaurant portfolio. Love doing rollups! #ETA #rollups #SBA business acquisition #RTO - no thanks

This was a fun one that went pretty smoothly. 😉 There were a number of challenges that we were able to overcome. ✅ Down payment was thin so we introduced the idea of a minority investor. ✅ -0- collateral so we included a credit enhancement ✅ Post closing liquidity was inadequate so we added an appropriate amount of working capital Thanks goes to everyone on the deal team for creative problem solving to bring this to a successful conclusion!