What you can learn about financing Acquisitions after 1200 SBA Acquisition loans - Bruce Marks

Jon talks to Bruce Marks about what he learned about financing Acquisitions after 1200 SBA Acquisition loans 

Notes:

00:00 Intro 
01:03  What does the buyer need to get a SBA loan to buy a business?
03:05   Searchfunder vs Self Funded or Fundless Searcher 
09:23   Success with Military & Acquisitions
10:37   Goodwill Transactions defined
12:06   How much SBA can loan on $5m business
13:10   How seller notes affect SBA loans
13:40   Congratulations you structured a deal that won't work
15:10   Why you don't need seller note with an SBA loan - cash flow dictates everything
18:20   Raising Capital at the same time as prospecting - those terms structures the LOI
22:15   Any affinity for One person or partners acquiring?
24:41   When, during search,  should a Searcher reach out to Bruce?
26:30   When a self funded searcher needs capital
30:15   Me telling Bruce how I spent $100k searching for business. 
31:10   What a searcher needs to do to raise the equity portion
35:50   What's important about bringing investors - going back to well
37:19   Red Flags from a business;  The business I am looking at
41:21   A synergistic acquisition story
50:04  What happens to the Personal Guarantee & a default