Business Buying Strategies From The Dealmaker's Academy

Every week I interview someone from the world of mergers and acquisitions so we can find out their approach to buying businesses.   These days we have an international audience with many, many listeners in the United States. Now in the United States, they have an incredibly useful way of buying a business called an SBA loan. This week I talk with Ray Drew, my resident expert on SBA loans, about how they work and how you can effectively buy a business without using any of your own money.  Key Highlights [01:18] Ray discusses his background [01:54] What SBA loans are used for [02:52] How they work [04:26] The application process [05:02] Why sector experience isn't essential for a loan [07:15] Options for raising a deposit [10:36] The role of the seller and the benefits for them [13:30] Loan terms and conditions [17:40] Negotiating working capital for the acquired business [21:24] Eligibility for borrowing [25:52] How to get in touch with Ray Notable Quotes The business plan is just the tip of the iceberg. It's