SMB & SF Acquisition Lender | Author | Closed $385 Million in 9 yrs| SBA loans from $2.5 - $10.0 million | tweeting real SBA stories | War Story Saturday 🪖Joined April 2022
Why? Because when you get the actual tax returns, the numbers look different. If you are looking at a CIM (Confidential Information Memorandum) and it shows $375,000 in Net Income and addbacks of another $175,000 this is going to be a challenge.
Today ended a big part of my life.
I donated all my ice hockey equipment, shirts, and sweatsuits. 1000’s of hours on ice!
For those that don’t know, I was a professional ice hockey instructor for 28 years.
What was, was and what is, is!
I just hung up from a call with a searcher.
If you are seeking SBA financing, you must start with eligibility!
Please make sure that the loan request is eligible for SBA financing before spending too much time and money.
And if you are not sure, reach out to an expert!
Expanding on this:
One misconception about SBA-funded search for folks newer to the M&A ETA space is that equity is coming solely from the buyer
This couldn’t be further from the truth — many SBA-financed deals involve investor equity
The bigger ones that are getting done,…
Expanding on this:
One misconception about SBA-funded search for folks newer to the M&A ETA space is that equity is coming solely from the buyer
This couldn’t be further from the truth — many SBA-financed deals involve investor equity
The bigger ones that are getting done,…
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