Lessons from the Booth-Kellogg ETA Conference
November 30, 2025
by a lender from Fundação Getulio Vargas, São Paulo - Escola de Administração de Empresas de São Paulo in United States
Last week’s ETA Conference in Chicago made one thing very clear: the market is evolving fast — and the buyers who understand today’s SBA and non-SBA lending landscape will have a significant advantage going into 2025.
Our CEO, Matthias Smith, just released his latest newsletter with key takeaways from the event, including:
• What the SBA shutdown means for buyers now that the agency is fully reopened
• Why first-time buyers must think carefully about leverage and capitalization
• Common mistakes new owners make in their first 12–18 months
• Pioneer Capital’s expansion into non-SBA acquisition financing
• Recent deal structures that helped our clients close with confidence
If you're buying a business — SBA or non-SBA — this is a must-read.
Subscribe to Matthias’ newsletter here: https://matthiassmith.kit.com/posts/pioneer-buy-side-brief-lessons-from-the-booth-kellogg-eta-conference
And if you're planning to buy a business, let's connect! redacted
https://calendly.com/rafael-pioneercap
from Fundação Getulio Vargas, São Paulo in United States