Commercial cleaning business acquisition 

Pioneer Capital Advisory LLC is excited to announce of a commercial janitorial business.  The client approached Pioneer Capital Advisory LLC after discussing the acquisition with another top 5 SBA lender and being turned away due to perceived lack of business experience.                                                                                                        

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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 approval on his financing from a top 5 nationally ranked SBA lender. The financing structure included an SBA 7a term loan that financed 84.84% of the total uses of funds.                                                                                

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The client also used a seller note that was on full standby for the full duration of the SBA loan as part of his down payment. This helped the client preserve post-closing cash liquidity, and also keep the seller involved to ensure a smooth post-closing transition period. The financing structure also consisted of an SBA Express Line of Credit (revolving working capital facility for $150,000). The SBA Express Line of Credit will enable the client to grow the business and bring it to the next level.                                                                                                    

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The buyer of the business is a first time entrepreneur that depended heavily on Pioneer Capital Advisory LLC to ensure that the SBA loan process went well. If you are buying a small to medium sized business and want to ensure that you obtain the best financing terms available for your deal, please reach out to Matthias with Pioneer Capital Advisory LLC. He can be reached via email at matthias@pioneercap.com or via phone at 608-421-2750.