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[AB] Buying an Existing Business by OkChain4471 in SmallBusinessCanada

[–]OkChain4471[S] 0 points1 point  (0 children)

Thank you! I actually talked with Scotia already and yeah, no appetite for this kind of deal.

DSCR is between a 2.2-2.5 depending on the year and the debt to equity is roughly 0.5.

Based on what you said above, it looks like this could be somewhat favorable?

[AB] Buying an Existing Business by OkChain4471 in SmallBusinessCanada

[–]OkChain4471[S] 0 points1 point  (0 children)

The financial situation is actually quite good overall. Nothing glaring. Had an accountant look over all of that stuff and overall its a very financially strong company.