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GBank: Lender Fit

The Fit

Bank. The largest average acquisition loan among the most active lenders, about $2.9M, and names franchise financing beside business acquisition; publishes no rates.

At a Glance

Type
Bank (lends directly)
Footprint
Las Vegas area decisioning.
Deal Size
$500k to $5M.
Searcher Practice
A general SBA lending desk, branch-driven.
Published Terms
7(a) to $5M, fully amortizing with no balloon; acquisitions and franchises named.

The Full Review

GBank is reviewed in full in the directory, with its model, the searcher case for and against it, and every source: read the GBank review.

How to Approach

GBank is a bank, so this is how that kind of lender comes in, what it weighs, and how to arrive ready.

The Typical Arc

  1. A prequalification on you and the target, often from the first email.
  2. A full application and the bank's own underwrite of the deal.
  3. A term sheet, then closing on the SBA's timeline, commonly two to four months.

What It Weighs

  • Whether the business's cash flow covers the debt with room to spare.
  • Your experience relative to the business you are buying.
  • Your equity injection and how clean the financials are.

How to Prepare

More on the Shelf

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