Attention Searchfunders: I don’t know the full extent of the impact of the SBA changes but now is a good time to familiarize yourself with creative thinking. There are a few options: - SBIC: If no background as an investor, partner up with someone with a PE background (like me) to target SBIC lending. Yes, you need a bigger deal to qualify (min min $1.5-2.0m of EBITDA) - Non SBA bank lending: Depending on your sector, banks will lend you money to do a deal with a PG and without the SBA rules - Equity/Mezz Debt Investors: Partner with someone with deeper pockets. Yes there’s dilution but it’s also safer. Good deals will get funded but you will have to work harder. FWIW I’ve done deals with each of these structures, please reach out, especially if you’re doing deals in: - insurance brokerage or services - pool services - light auto components mfg - wealth mgmt - other asset light biz services