JackQuisitions - Small Business Acquisitions in Home Service

#13 The TRUTH About SBA Loans & Business Acquisitions


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In this episode of Jackquisitions, Jack sits down with Alan Peterson from First Internet Bank to demystify the world of SBA lending for business acquisitions.

Alan shares what most acquirers miss when evaluating loan options—including why gut instinct matters just as much as financials, how to approach deals with transparency, and when to prioritize prequalification over perfection. Whether you're exploring the 7(a), 504, or SBA Express, Alan breaks down the programs in clear terms—and how to use them to your advantage in today’s competitive acquisition market.

If you're planning to buy or expand a small business, this episode is your roadmap to leveraging SBA financing like a pro.

⚡ What You’ll Learn
 How to choose between SBA 7(a), 504, and Express programs
 Why being personable and transparent wins deals
 The real impact of personal guarantees and collateralization
 How to get prequalified—and why it gives you an edge
 What “off-market” really means in a tight deal flow environment
 How SBA loans can fuel both acquisitions and expansions
 Why waiting for the perfect deal might cost you everything
 The overlooked value of lender support throughout the buying process

💼 Special Thanks to First Internet Bank!

 Looking to buy or expand a business? First Internet Bank is a National Preferred SBA lender specializing in acquisitions for the skilled trades. Their SBA loan program offers up to 90% financing for business acquisitions, partner buyouts, and commercial real estate—plus optional lines of credit to fuel future growth. Unlike traditional lenders, they take a “how can we” approach, making deals happen for both first-time buyers and experienced operators.

👉 Special Offer: Mention Owned and Operated for a reduced good faith deposit and a complimentary deal review + buyside prequalification.

Connect with Alan Peterson from First Internet Bank here to get started 

👤 Hosted by
 Jack Carr

👤 Episode Guest
Alan Peterson 

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JackQuisitions - Small Business Acquisitions in Home ServiceBy Jack Carr