Apr 9 • General discussion
The reason most people never buy a business has nothing to do with money
Most people think they need $200K sitting in a bank account before they can buy a business. That belief alone has kept more people stuck than anything else I've seen.
Here's what actually happens on a funded deal.
The SBA 7(a) loan covers up to 90% of the acquisition. On a $500K deal that's $450K the government is backing. You're covering the other 10%. And even that 10% can be structured if you know what you're doing.
That's where seller financing comes in. Most owners of boring businesses (HVAC, pest control, commercial cleaning) want out. They're not trying to negotiate you to death. Ask them to carry 10 to 20% as a note and your out of pocket just got cut in half or more.
Then you layer in business credit. This is something we build inside the program before the deal closes. Students are using it to cover down payments, due diligence costs and working capital. The second payment in our split pay option? Most people fund it exactly this way.
Last layer is partners. You don't need to own 100% to control 100%. Bring a capital partner in for equity. You run the deal. They fund it.
The real barrier to buying a business isn't money. It's not knowing how to stack these four layers together.
If you're in this community and you haven't mapped out your personal funding stack yet drop a comment below and I'll pull you into a conversation this week.
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The reason most people never buy a business has nothing to do with money
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