Changes in SBA Lending and Business Acquisitions

Over the years, significant transformations have occurred in the landscape of SBA lending and business acquisitions. Historically, it was uncommon for deals to exceed $2 million, with many transactions being smaller and requiring perfect financials. However, since around 2019, the market has shifted, allowing for larger transactions due to an influx of new buyers, many of whom are searching for businesses through formalized funds. This evolution has been further accelerated by the COVID-19 pandemic, which led to many individuals reevaluating their career paths, together with the retiring baby boomer generation, resulting in increased acquisition opportunities.