Internal lender-submission prep packet
Recommendation: continue diligence only if the seller accepts a lower cash price, a larger seller note, or a working-capital reserve. The base case clears coverage, but the downside case falls below target.
Source-linked support: TTM revenue and EBITDA come from S1 and S2. Owner compensation support comes from S4. Existing equipment debt payoff comes from S5. Customer concentration remains pending on S6.
Buyer next questions: request AR aging, top-customer renewal documentation, vehicle-use logs, and confirmation that the legal settlement is non-recurring.
