How to Shorten Your Search: Big 3, Little 2
Acquiring Minds
00:00
How to Financing a SMB Deal
Most self-funded searchers, let's say they're buying a $3 million purchase price business are going to use debt, SBA and seller debt for likely 85, 90% of it. They need an equity check of usually something like 10 to 20% of the purchase price. And in most cases, that searcher doesn't have $3 to $600,000. So where are they going to go find that equity investment from? We spend a lot of time on that too. The framework for what that equity looks like, how to raise it, who to call what the rules are.
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