Furniture Manufacturing Company Acquisition

Pioneer Capital Advisory LLC has helped a sponsor with closing on the acquisition of a furniture manufacturing company. The company was acquired for a purchase price of ~ $6 million. Pioneer Capital Advisory LLC helped the sponsor that was acquiring the company with obtaining both an SBA 7(a) loan for the acquisition of the business and also with securing an SBA Express Line of Credit to provide revolving working capital for the business.

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This specific deal was a challenging one, requiring a quality of earnings report to be completed to validate specific addbacks to cash flow that needed to be verified to get the lender bank comfortable with financing the transaction. The deal was financed by a top 10 nationally ranked SBA lender. The sponsor approached Pioneer Capital Advisory LLC after having been in discussions with a smaller bank that did not have the capability to pull off the acquisition financing. After Pioneer Capital Advisory LLC spoke with the sponsor, it became clear that the sponsor had a very strong resume, transferrable experience to the business being acquired, and also the drive necessary to be successful as a business owner.

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If you are working on a business acquisition that is about to go under LOI, or if you currently have a deal under LOI that you are working to secure business acquisition financing for, please feel welcome to reach out to Matthias Smith, Founder / Owner of Pioneer Capital Advisory LLC via email to matthias@pioneercap.com.

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