SBA Bankruptcy stories

Collin - the bullet list you gave is helpful in itself. Miss on working capital seems like it can be addressed with careful planning, and miss on capex is a great 'gotcha' on the search. Lack of experience is another interesting one; people debate how important it is to have experience in the sector, this is a good data point in favor of experience.

This is probably a discussion too broad for a post. I think the main things that acquisition struggle with are lack of experience in the field, a miss on the working capital, or a miss on capex. It is important to remember SBA covers a broad spectrum of both uses (start-ups, real estate, debt consolidations, etc) as well as sizes ($1,000-$5,000,000) so a broad 10%, if accurate, wouldn't necessarily be applicable to your situation