One thing buyers can’t afford to overlook in an acquisition: working capital. You can negotiate a great purchase price and still put yourself in a difficult position on Day 1 if the business doesn’t come with enough working capital to operate. Pioneer Capital Advisory’s latest article breaks down how buyers should think about net working capital, the working capital peg, SBA financing, post-close liquidity, and even the timing of closing for seasonal businesses. If you’re searching for a business or already evaluating a deal, definitely worth a read: redacted And if you’d like to discuss your acquisition, financing structure, or have us take an initial look at a deal, feel free to reach out or book a call with me: redacted