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