Due diligence

by a searcher

11 months ago

Looking for advice regarding due diligence on a budget. How do solo searchers on a tight budget handle due diligence when they have a business under LOI?

I am going to use the SBA to acquire a business but Im really stuck on the diligence process. I dont think I will have the money to spend on an Accounting firm to do the diligence work. The business I am looking at is $200,000 SDE at a 2x multiple and I have enough for the 10% deposit plus 6 SBA payments (savings I am required to have). 

I was thinking of doing the diligence mself but I am not really experienced and fear I may miss some important items. Any help would be appreciated.

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10 comments

intermediary from Creighton University

I co-founded a YC-backed startup that automates parts of the QoE/DD processes so you don't make any mistakes during the most important part of the acquisition process. It prevents you from looking back and wishing you had asked a certain question during this stage. Our AI product saves you weeks of time and thousands of dollars. I think it would make sense for us to chat. You can schedule a time on my calendar here: https://calendly.com/dealwise/dealwise-30-minute-call

3 months ago | like reply | 0 likes

searcher from University of Cincinnati

I was going to recommend DueDilio as well. Platform connecting business buyers and investors with pre-vetted due diligence service providers.

6 months ago | like reply | 0 likes

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