How Everyday Buyers Use SBA Loans to Buy a Business

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by a professional from Harvard University - Harvard Business School
in Atlanta, GA, USA

2yrs ago

How Everyday Buyers Use SBA Loans to Buy a Business

How everyday business buyers use SBA loans to buy a company, what due diligence has to verify, and the 90-day path from LOI to close. Originally recorded on MSP Radio's The Business of Tech. ►EXECUTIVE SUMMARY 1) BUSINESS OWNERSHIP ISN'T ONLY FOR PRIVATE EQUITY: Everyday buyers are closing deals that used to belong to funds. 2) SBA LOANS CHANGE WHO CAN BUY: How buyers finance an acquisition without large amounts of their own cash, and what that leverage means for risk. 3) NEVER TRUST A SELLER'S NUMBERS UNVERIFIED: Due diligence is what stands between the loan and a bad business. Then the 90-day roadmap from LOI to handover. ► CHAPTERS 0:00 The rise of the everyday business buyer 1:54 Using SBA loans to buy a business 4:07 The truth about due diligence 7:24 The 90-day roadmap from LOI to close 10:19 Structuring deals with equity partners

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