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Acquisition financing should only require a personal guarantee under a very narrow set of circumstances. Often when buyers get desperate

The eternal tension in acquisition structuring is balancing operational liquidity with leverage levels. Buyers often invade the operational debt

Asset based lenders require collateral in the form of receivables or inventory. Despite borrowers having strong cash flow leverage metrics,

Earn-outs are used by buyers to plug the valuation gap. Sellers want more for their business and the buyer cannot

The easiest way to differentiate between bridge loans and acquisition financing is by their maturity date. Bridge loans are very

Mezzanine structures are built upon revenue visibility and cash flow stability. When a company knows for certain that revenue is

Lenders are conservative and use a number of protocols to test the business risk of their lending applicants. This is

Financial Models contain tea leaves about your financing chances with mezzanine lenders. There are several things to be mindful of

Mezzanine lenders are expert sleuths at exposing fancy financial engineering in deals. It happens very quickly almost before the investment

While profitability is great to have and certainly a key criterion, it alone does not lead to a successful mezzanine