Oak Street Funding: Lender Fit
The Fit
Bank. A bank-owned specialty lender for insurance, RIA, and CPA-practice acquisitions, underwriting recurring revenue as collateral instead of SBA debt.
At a Glance
- Type
- Bank (lends directly)
- Footprint
- Nationwide.
- Deal Size
- $500k to above $5M.
- Searcher Practice
- A general SBA lending desk, handled remotely.
- Published Terms
- Conventional loans secured by the recurring revenue of the book itself.
The Full Review
Oak Street Funding is reviewed in full in the directory, with its model, the searcher case for and against it, and every source: read the Oak Street Funding review.
How to Approach
Oak Street Funding is a bank, so this is how that kind of lender comes in, what it weighs, and how to arrive ready.
The Typical Arc
- A prequalification on you and the target, often from the first email.
- A full application and the bank's own underwrite of the deal.
- 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
- Model the payment and coverage before you call. SBA Acquisition Calculator
- Underwrite the specific deal end to end. Underwrite a Deal
- Show where every dollar comes from and goes. Sources & Uses Builder
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Filter the whole shelf by deal size and process on Lender Match.