Sponsor Finance for Independent Sponsors - 1st Source

A relationship approach

Bankers who stay close to the deal

We take time to understand how you invest, what matters in the transaction and what you expect from a financing partner. 1st Source Bank brings experienced people, direct communication and a relationship-focused approach to Sponsor Finance opportunities.

Start the conversation early

We welcome early discussions while you’re evaluating an acquisition strategy or opportunity. That gives us time to understand the investment, explore financing options and identify questions before the timeline tightens.

Banker and client in a coffee shop, reviewing financing options during early acquisition planning

A practical approach to deals

How we work

Credit involved early

Our bankers and credit professionals work together early to understand the investment, explore financing options and identify questions sooner.

Responsive and Accessible

You have direct access to experienced bankers who stay close to the opportunity and provide timely, clear feedback as the transaction develops.

Flexible Approach

We listen first, then work with you on a financing approach that reflects the transaction, your objectives and sound underwriting.

Financing for acquisition buyers

Who we work with

Independent Sponsors

Acquisition financing for independent sponsors seeking senior debt for acquisitions, mergers and add-ons.

Private Equity and Family Offices

Financing for private equity funds and family offices pursuing acquisitions, add-ons and portfolio company growth.

Entrepreneurs through acquisition

ETA financing for entrepreneurs acquiring businesses to own and operate, including SBA financing for qualifying transactions.

Where we focus

Deal Profile

Transactions We Finance

We provide senior debt and acquisition financing for acquisitions, mergers, add-on and bolt-on acquisitions. Depending on the opportunity, we can also discuss lines of credit and commercial real estate financing for the operating company.

Geographic Focus

Our primary focus is the Midwest and Florida. We also consider select opportunities outside those areas, especially when an existing relationship is involved.

Support throughout the relationship

Beyond the Closing

Closing is one point in a longer relationship. Business conditions and plans can change after an acquisition. When they do, we stay engaged, communicate directly and work with you to understand the situation and available options.

sponsor-finance-beyond-closing-business-visit

A Broader Banking Relationship

Support for the Business

Business Deposits

Deposit and banking services to support the operating company’s day-to-day financial needs.

Borrowing

Operating lines of credit, commercial real estate financing and other borrowing needs as the company grows.

Treasury and Business Services

Payment and fraud-prevention tools, Retirement Plan Services, Commercial Insurance and Interest-rate swaps.

Meet the Team

Experienced people close to the opportunity

Meet the Sponsor Finance Team

Connect with Shelli or Erik to discuss an opportunity. They work with dedicated credit and Treasury specialists throughout the relationship.

Shelli Workman, Group Head of Business Banking at 1st Source Bank

Shelli Workman

Group Head, Business Banking

[email protected]

(574) 340-8565

Erik Back, Manager of Sponsor Finance at 1st Source Bank

Erik Back

Manager, Sponsor Finance

[email protected]

(574) 286-8778

Dedicated Support

Specialists on Your Team

David Veurink

Senior Credit Officer

Madison Wilkey

Senior Credit Analyst

Lori Reidy

Treasury Services Specialist

Client Experience

What Clients Say

“The 1st Source team took the time to understand both the transaction and what mattered to us as a long-term owner. Communication was clear, the team stayed engaged, and they worked alongside us as the deal developed. We valued having a financing partner who was responsive, practical, and committed to getting the transaction done.”

“We have worked with the 1st Source Sponsor Finance Team on several buyout transactions. They are transparent, responsive, diligent and their partnership approach is particularly appreciated. In short, they get it.”

Contact the Team

Start a Conversation

Talk with our Sponsor Finance team about an active opportunity, your acquisition strategy or upcoming financing needs.

FAQ

Contact the team

Talk with our Sponsor Finance team about an active opportunity, your acquisition strategy or upcoming financing needs.

Get started