SBA Acquisition — Live Progress
🔥 Latest Update
Spoke to an SBA lender. Getting them started with underwriting. In-person site visit booked for next Wednesday.
Things are freaking moving. — Matt Bank, Apr 2026
Identified target business type — fire & life safety, tree service
Mar 2026
Built prospect list of ~50 local businesses
Mar 2026
Connected with brokers — moved off cold outreach approach
Mar 2026
In-person meeting with tree service business owner
Mar 24
Called SBA lender — underwriting started
Apr 2026
In-person site visit with SBA lender — NEXT WEDNESDAY
This week
Underwriting complete — term sheet
TBD
Negotiate final price — target $450–500K
TBD
Close. Own the business.
TBD
Acquisition Strategy
Ideal Target Profile
$500K+ profit · GM already in place · Updated equipment & systems · Low PE interest · $1M business at $250K down is the sweet spot
Financing Structure
SBA loan · 10–15% down · ~$250K for a $1M business · Using relationship approach not transactional outreach
Growth Playbook (any industry)
1. CRM + digitization · 2. Admin hire · 3. Triple the team · 4. Marketing expansion · 5. Revenue diversification into recurring contracts
What You're Looking For
Business with a GM already in place — not owner-dependent
$2–5M revenue, 20% margins, low multiple (not PE targets)
Broker-sourced — not cold outreach. Let the deal come to you properly.
Can run alongside PHG income initially with the right structure
Clear operational gaps you can close — CRM, systems, staffing