The Art of Buying Businesses with No Money Down: Insights from Elliot Holland
Business of Tech: Daily 10-Minute IT Services Insights
00:00
Acquiring Businesses with SBA 7A Program
The chapter discusses the rising popularity of using the SBA 7A program to buy businesses up to $10 million, highlighting the drawbacks of relying solely on private equity. It emphasizes the significance of due diligence, sharing personal experiences of mistakes made and the importance of understanding financial and operational aspects before investing. Strategies for vetting businesses, initiating discussions with owners, securing funding, and generating returns on no money down deals are addressed.
Play episode from 01:37
Transcript
