Most search deals don't die because the business is bad. They die because the searcher walked into the SBA process with 2024 rules in their head and a 2026 underwriting desk on the other side. Caprae Capital is partnering with Lisa Forrest and Sarah Andrews of Northwest Bank, two of the most searcher-aligned SBA bankers in ETA, with hundreds of funded deals between them. They will walk through exactly what's changed and what's getting approved right now. This is part of Caprae's ongoing commitment to building a community that actually supports searchers through the messiest parts of search. This will be a combined webinar that provides boots-on-the-ground intel from Caprae + the technical underwriting reality from one of the largest SBA lenders in the country. Topics: - SBA loan foundations in 2026 - New equity injection + seller note rules - Ownership and seller transition changes (the new W-2 restriction matters more than most realize) - 2026 deal math: 3–4.5x EBITDA, 1.4x DSCR, 10–15% equity - 8 silent dealkillers before LOI Hosted by Caprae Capital in partnership with Northwest Bank. Free. 50 seats. Open to the entire ETA community