I have a question

January 08, 2023

by a searcher in Brighton, UK

Hi I'm Laurence im a young adult and planning for the future to acquire a business using search funds and SBA loans my question is very simple. Are investors interested in investing in inexperienced entrepreneurs or is this just not feasible. (I'm thinking of acquiring a business which packages and transports fruit and vege to the market it's worth roughly 7million)

thanks Laurence

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Reply by a searcher
from Texas A&M University in Houston, TX, USA

I'm not sure about banks and whether your experience would impact their desire to lend to you, or if it is purely based on the deal. As for a private investor, I do think that experience plays into it. I would think that a college student is more likely to run a business into the ground compared to someone with 10 years of real world experience. That being said, if it is a stellar deal and you can prove that you have the support you need (whether from the seller staying on or if it is a company that runs itself), then it might not be a non-starter.

Reply by an investor
from The University of Michigan in Birmingham, MI, USA

It depends on the quality of the deal the quality and longevity of the company, and what you are seeking from investors in terms of economic terms, etc.

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