Skip the SBA: Buying a $4m Biz with a Conventional Loan
Nov 16, 2023•1 hr 16 min
Episode description
Ben Bryer worked with a financial backer to find & buy a 65-year-old niche manufacturing business without an SBA loan.
Topics in Ben’s interview:
- Spending $150K and 18 months on dead deal
- The emotional toll of a failed deal
- Freelancing to partially fund his search
- Buying a pin gage manufacturer
- What attracted Ben to the business
- Choosing a conventional loan over SBA loan
- Building relationships with lending partners
- Tech debt as a liability
- The benefits of having long-term employees
- Importance of time allocation
References and how to contact Ben:
Get a complementary pre-acquisition HR & PEO review for your target business:
- Contact mark@aspenhr.com or visit Aspen HR
Connect with A-players who can run your business remotely:
Connect with Acquiring Minds:
- See past + future interviews on the YouTube channel
- Connect with host Will Smith on LinkedIn
- Follow Will on Twitter
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