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- 🟠 Raising $ for SMB acquisitions
🟠 Raising $ for SMB acquisitions
finding equity, how to raise with not much cash, and remembering why we do this in the first place
The SMB Scoop is highlighting ‘raising equity’ for an acquisition / add-on this issue. It’s easier than you think.
“When and how do I find equity investors for a small business acquisition?”
“When and how do I find equity investors for a small business acquisition?”
Answer:
-you do it later than you think
-and it’s easier than you think
🧵 *bookmark this*— Ben Tiggelaar 🟠 (@bentigg)
6:47 PM • May 4, 2023
Buying a $6.4M company with a Net Worth <$100K
WSS: Bruce, I have executed an LOI to purchase a business for $6,400,000
I believe I’m the right buyer BUT my personal net worth is less than $100,000
Can I get an SBA loan to acquire this business?
So, what do you think ?
— Bruce Marks, MBA, CM&AA (@sbabmarks)
10:57 AM • May 6, 2023
Remember *why* we buy small businesses
E Myth. Oldie but a goodie.
‘The primary purpose of your business is to serve your life’
— Patrick Dichter (@patrickdichter)
6:24 PM • May 8, 2023
Check out my SMB Capital Connector tool:
For investors seeking passive small business investments (with good sponsors)
For entrepreneurs seeking to raise acquisition capital from 475+ accredited SMB investors.
Ben Tiggelaar