2 Commercial HVAC firms

Pioneer Capital Advisory LLC is excited to announce the closing of 2 commercial HVAC acquisitions for the same client. The acquisitions included a larger platform business and a smaller add-on acquisition to the platform. The client approached Pioneer Capital Advisory LLC after engaging a conventional lender to procure financing for the acquisition without success.

Pioneer Capital Advisory LLC used its relationships with top SBA lenders across the market to help the client secure financing with favorable terms for both acquisitions. The client obtained two SBA 7(a) loans, one for each acquisition, that provided 90% financing on the total uses of funds. For one of the two acquisitions, a seller note on full standby was used for a portion of the buyer’s down payment. The lender that financed both acquisitions provided a total of $249,718.75 of working capital (cash to the balance sheet) at closing to help the client with fueling growth of each business.                                                                                                                                                

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The client engaged Pioneer Capital Advisory LLC to start sourcing debt financing terms on 10/4/2022. The client went into underwriting for both acquisitions with the selected lender on 10/12/2022, and obtained approval on 10/25/2022. The loan facilities for both acquisitions closed on 11/21/2022 (less than 60 days from the time Pioneer Capital Advisory LLC) was engaged to help with securing financing.                                                                                                                                                

If you’re an entrepreneur buying a business and want to ensure that you are obtaining the best financing terms, engaging Pioneer Capital Advisory LLC is the best way to seamlessly navigate the process by outsourcing the time and energy involved with obtaining SBA financing.

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