Loan Request for Spirits E-commerce Business with Inventory and EBITDA Security

This listing presents a financing opportunity for the acquisition of a successful internet-based business operating within the spirits sector. The target business generated $3.2 million in revenue in 2018, with an EBITDA of $400,000. The acquisition is supported by a Purchase Agreement (PSA) with the seller, with the buyer having $100,000 in escrow and an $87,000 credit from the seller. The seller is also willing to carry a significant portion of the purchase price. The buyer is seeking completion financing of approximately $350,000 and can offer $650,000 in inventory and the business's EBITDA as security. The buyer also offers personal guarantees, backed by a 610 FICO score and a net worth of $500,000. The management team is described as experienced and capable of significantly increasing sales and reducing costs post-closing. The opportunity is presented by a direct representative of the buyer.