Acquisition Office Hours

Buying a business with no money down is possible in some deals. Evan discusses seller financing and how the new SBA rules limit buyers’ options. Plus, what to do when a quality of earnings report puts SDE at $280,000 instead of the advertised $400,000, and how to decide whether to renegotiate or walk away.

Choosing an SBA lender can affect both your interest rate and whether your deal gets approved. Evan discusses comparing banks for a business acquisition and finding a lender who can help work through problems. Plus, the risks of borrowing $700,000–$800,000 to buy an unprofitable business, and what a 23-year-old with $75,000 should do before buying their first business.

Getting a seller to agree to a ten-year standby note can be a tough ask. Evan discusses negotiating seller financing for an SBA acquisition and what to check with your lender before making an offer. Plus, how your experience affects which business you should buy, and where to start if you’ve never run one.