sba loans and self-funded searchers

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While we are primarily a buy-side network, we do have hundreds of brokers that regularly post deals to the community.

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Absolutely! We have the industry's largest intern job board. If you are considering a search, the first step is to help another business buyer so you can hit the ground running.

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While a large number of our members come from dedicated programs at Harvard Business School, Stanford GSB, Chicago Booth, and other top programs, searching is no longer reserved for the elite. With the current abundance of dry powder in private equity, and an increasing number of business owners reaching retirement age, good deals rarely go unfunded.

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by a searcher from Northwestern University - Kellogg School of Management
in Fort Lauderdale, FL, USA

4yrs ago

sba loans and self-funded searchers

Do self-funded searchers have difficulty getting approved for a loan given they have no income or are the loans approved solely on the health/cash-flow of the business being purchased?................

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reply by a lender 4yrs ago
from The University of Chicago in Schaumburg, IL, USA

The performance of the target company is the primary criteria. If the target's historic cash flow and pro forma DSC are strong, much of the battle is won. However, a buyer with a strong personal balance sheet, income from other sources or great work experience can offset any weaknesses in the target's cash flow or business model.

reply by a professional 4yrs ago
from The Chicago School of Professional Psychology in St. Louis, MO, USA

We've heard from the Lab's lending partners that all lenders would likely prefer that you have income from a full time job; however, if you have enough of a cushion to support your search and the financials make sense, it's a non-issue.