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Skip the SBA: Buying a $4m Biz with a Conventional Loan

Skip the SBA: Buying a $4m Biz with a Conventional Loan

Acquiring Minds · Will Smith

November 16, 20231h 15m

About this episode

Ben Bryer worked with a financial backer to find & buy a 65-year-old niche manufacturing business without an SBA loan. Topics in Ben’s interview:Spending $150K and 18 months on dead dealThe emotional toll of a failed dealFreelancing to partially fund his searchBuying a pin gage manufacturerWhat attracted Ben to the businessChoosing a conventional loan over SBA loanBuilding relationships with lending partnersTech debt as a liabilityThe benefits of having long-term employeesImportance of time allocationReferences and how to contact Ben:[email protected] GageGet a complementary pre-acquisition HR & PEO review for your target business:Contact [email protected] or visit Aspen HR

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Topics

entrepreneurshipentrepreneuronline businessSMBacquireacquisition