Unless this app literally makes me coffee, no thanks.

This should be on r/scams

SBA 7a loan if your business has income and a year or two of profits.

We used a preferred lender who services their own SBA loans. Interest rate is killing us…

May look at a regular bank but they usually want like 70-80% of the loan secured against hard assets afaik.

Most banks won’t lend you any money as it’s deemed too risky. 7a is the only realistic option for either working capital or for a small business purchase.

They are all AR, I think they stopped doing fixed rates several years ago.

It’s a multiple of their EBITDA value. However at 15m I don’t think you will have any luck just asking for equity.

If you did, you probably wouldn’t be on Reddit asking because you’d have a long track record of doing so.

I don’t respond to them or cold calls. If I need something I’ll look for it. Unfortunately you get sales reps who don’t understand no and keep harassing you and sending meetings, or find your personal cell so you start blocking numbers.

We also don’t do cold calls or cold emails. Go to events, word of mouth and advertising.

10x EBIDTA? Run don’t walk. Never assume someone else’s debt. Do an asset purchase. I wouldn’t bother with a theater these days, I didn’t even see Top Gun at the theaters, and don’t think we’ve been since Covid.