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Nov 14 • 5 tweets • 6 min read
This week @PIONEERCAPADV will help a self-funded searcher closer on an acquisition of $3.1 million EV business with a top 20 SBA lender. 1/x

#sba #smb #acquisitions #entreprenuers
Working with @PIONEERCAPADV, the searcher obtained multiple financing options from top SBA lender banks, and ultimately chose one that offered a combination of cash to the balance sheet at closing with an SBA Express Line of Credit. 2/x

#sba #smb #acquisitions #entrepreneurs
A more in depth post will follow later this week. 3/x

#sba #smb #acquisitions #entreprenuers
If you're an SMB searcher, rather than taking the direct to bank approach, by engaging @PIONEERCAPADV, you will obtain financing options suited to your deal with a lender that will finance it with the best terms. 4/x

#sba #smb #acquisitions #entreprenuers
Please feel welcome to put a time down to connect for an introductory call 👇 5/5

calendly.com/pioneercapital…

#sba #smb #acquisitions #entrepreneurs

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More from @SBA_Matthias

Matthias Smith - Fueling Entrepreneurs Dreams Profile picture
Nov 15
Tomorrow an SMB entrepreneur will close on a business acquisition with 80% bank financing for a ~$3.1 million enterprise value business.

In this thread, I will share some highlights of the story. 1/x

#sba #smb #acquisitions #entrepreneurs
On August 10th, @PIONEERCAPADV received a cold call from the searcher

"Hi this is [searcher's name]. I came across you on Searchfunder wanted to learn more about your process, etc"

Introductory discovery call takes place. Searcher gives high level overview of target co. 2/x
On September 11th, the searcher executes an engagement letter with @PIONEERCAPADV for PCA to source the financing for the business acquisition. 3/x
Read 14 tweets
Matthias Smith - Fueling Entrepreneurs Dreams Profile picture
Nov 15
@PIONEERCAPADV has recently partnered with a trusted cloud technology advisor, @techsupro who has a combined 40 years of implementing technology solutions for many different industries. 1/x
@techsupro & @PIONEERCAPADV share alignment in that we both are on a mission to help small business entrepreneurs achieve financial prosperity. 2/x
Together we are providing small business entrepreneurs with the opportunity to achieve success by keeping more cash in their pockets whether they are acquiring a business, in need of working capital, or purchasing affordable technology to run their business. 3/x
Read 8 tweets
Matthias Smith - Fueling Entrepreneurs Dreams Profile picture
Nov 6
In this thread, I'm going to cover how to get your deal closed by year end as an SMB searcher 🧵

#sba #smb #acquisitions #entrepreneurs
1/x: Have an organized data room

➡️ Up-to-date financials for the target business being acquired
➡️ Corporate documentation for your business entity
➡️ Upd-to-date personal financial statement & last 3 yrs of personal tax returns for any 20% or more owner in the buyer group
2/x: Have a "Quarterback" for your ownership group

➡️ If you have multiple owners in your ownership group, there needs to be a "quarterback" point for communication with the bank
➡️ The quarterback responds to emails for the ownership group and helps streamline communications
Read 10 tweets
Matthias Smith - Fueling Entrepreneurs Dreams Profile picture
Sep 29
SMB searchers: the best time to engage me on a deal is before it's presented to one or more lenders.

Once your deal has been presented to a lender, it removes them as an option from my list. 1/x

#sba #smb #acquisitions #entrepreneurs
Yesterday, I received an email from a prospective client. One that I would have loved to have helped. The client is looking for pari passu acquisition financing.

There are a handful of lenders that do this very well. He had contacted each of them. 2/x
At this juncture, there is nothing I can do to help him. He has presented to each of them and pulling me in to help isn't an option.

SMB searchers: don't let this be you. Pull me in at the start of your deal when you have the signed LOI or shortly before. 3/x
Read 4 tweets
Matthias Smith - Fueling Entrepreneurs Dreams Profile picture
Sep 28
One question that I frequently get asked by SMB searchers is what resources I recommend for finding a deal.

Below is where I would start. 1/x

#sba #smb #acquisitions #entrepreneurs
1/x: @withkumo_

This platform is a deal aggregator that pulls thousands of on market business broker listings consolidating them into an easy to navigate user dashboard where you can sort by price, industry, revenue, and other variables. 2/x
2/x: @withkumo_ (cont.)

The platform is subscription based and costs $300/month, but with the code PIONEERCAP300, you can get a 2 week free trial + 1 month free 👇

withkumo.com/?via=matthias
Read 8 tweets
Matthias Smith - Fueling Entrepreneurs Dreams Profile picture
Aug 27
As a buyer of a small to medium sized business, one of the most substantial decisions that you will make is which lender to select to finance your acquisition.

This is how to proceed if you are taking the DIY approach instead of using a loan broker
1/x: Consult the List of SBA Lender Rankings

sba.gov/partners/lende…

SBA maintains a list that ranks lenders based on year to date loan origination.

Rankings matter and there is a reason for them
1/x: Consult the List if SBA Lender Rankings (continued)

If a lender / bank does not rank towards the top of this list, working with them might be like riding on a rickety roller coaster.

You will be learning the SBA process with them.

This is not what you want.
Read 16 tweets

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