(In strolls the State Small Business Credit Initiative)
- $7 billion on the streets now.
- Available through state-sponsored venture capital and debt programs.
- Contact your state or local government if you need small biz financing.
🚨Debt markets for non-SBA cash flow loans are VERY tight, and almost non-existent if the biz is <$3million EBITDA.
So, if you are planning on including debt in your deal, you will need an SBA-eligible structure in your LOI (no seller rollover, no earn-outs, no seller >12 mos)