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Matthias Smith, CEO - Pioneer Capital Advisory LLC Profile picture
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Dec 30, 2022 • 4 tweets • 4 min read
*The Dallas Meet Ups - a post*

After having my inbox flooded with DM's, I wanted to put out a post on the Dallas, TX meet ups on 1/12 & 1/14 so that there is a central post with the details 1/x

#dallas #texas #smb #acquisitions #entrepreneurs
📌Thursday, January 12th happy hour
➡️Hosted by @search_invest
➡️RSVP link: searchinvestgroup.com/events
➡️Contact to bug with questions: @SparrWesley 2/x
@search_invest @SparrWesley 📌Saturday, January 14th meet up

➡️Location: The Rustic (3656 Howell Street Dallas, TX 75204)
➡️Time: 7:00 PM CST - TBD
➡️Folks to ask questions to: @SMB_Attorney @ClintFiore @KHendersonCo @ConnorAbene @CTW_SMB
➡️RSVP: See below Tweet 👇

Who to ping if the RSVP is not working? @SMB_Attorney

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More from @SBA_Matthias

Matthias Smith, CEO - Pioneer Capital Advisory LLC Profile picture
Dec 31, 2022
➡️ Buying a business in 2023 is something that many folks on SMB Twitter are striving to accomplish.

➡️ Who doesn't want to ride the 'Silver Tsunami' ? 🙂 🌊 🌊

➡️ In this thread, I'm going to cover some things that you should start doing now to make it happen.
1 - Identify Your Passion

➡️ Too many people that I talk to are looking to get into business ownership to get rich.

➡️ The stakes are too high to do something that you don't enjoy

➡️ Determine what makes you happy and fine a business / industry/industries that align with you
2 - Part Time or Full Time Searching

➡️ If you have a significant war chest of capital, full time searching might be right for you.

➡️ It provides you with the ability to focus solely on deal sourcing and your search process, avoiding having to balance time with a job
Read 20 tweets
Matthias Smith, CEO - Pioneer Capital Advisory LLC Profile picture
Dec 30, 2022
2022 Year-End Introduction for New Followers, friends, SMB Twitter connections and clients.

➡️ I help aspiring & current entrepreneurs with buying small to medium sized businesses by sourcing the acquisition financing. 1/x
➡️ I write about all things related to SMB acquisition financing, particular options that entrepreneurs have for debt and equity structures, various items required for SMB acquisitions (landlord agreement, etc), and how working with a loan broker can streamline your financing.
➡️ Below are some of the threads that I have had that have performed the best this year

1- Capitalizing on the Silver Tsunami 👇

Read 13 tweets
Matthias Smith, CEO - Pioneer Capital Advisory LLC Profile picture
Dec 29, 2022
Business acquisitions financed through SBA loans have very specific requirements that need to be followed. In this thread, I will dive into a few such requirements🧵 👇

#sba #smb #acquisitions #entrepreneurs #independentsponsors
1 - Complete Change of Ownership:

➡️ As the SBA's guidelines currently stand, if you are buying a business as an external buyer (someone that doesn't currently own equity in one), you are required to completely buyout the seller(s). No exceptions.
2 - Consulting Period for the Seller(s):

➡️ SBA guidelines currently enable a seller to stay on for up to 12 months following the date of the closing of a business acquisition. The terms of the consulting arrangement must be approved by your lender & lender's legal counsel.
Read 11 tweets
Matthias Smith, CEO - Pioneer Capital Advisory LLC Profile picture
Dec 29, 2022
I have received emails and DMs on one specific topic so I'm addressing it here to save time on communications. My shared SBA searchers docs folder is now available upon request but will no longer be publicly accessible. 1/x
One specific SBA lender wants to crucify me for sharing their debt service coverage model with searchers that want to pursue the American Dream, so it will no longer be distributed. Instead @PIONEERCAPADV will have a better one that will be far superior. 2/x
If you had the link to the Box drive, don't shoot the messenger. Email or DM me and I'll send you a link and by the end of next week you will have the new and improved spreadsheet as well. Long life the self-funded searcher! 3/3 🦅🗽🇺🇲
Read 5 tweets
Matthias Smith, CEO - Pioneer Capital Advisory LLC Profile picture
Dec 29, 2022
SMB Searcher Meet & Greet Calls - 30 minutes ($20)

➡️ Discuss high level factors that are important in the SBA loan approval decision making process

➡️ Walk through a waterfall acquisition model and discuss how deals are structured with common & preferred equity. 2/x
➡️ Walk through how debt service coverage works and how to think about it with evaluating deals

➡️ Cover how to think about sources and uses with SMB acquisitions (what is SBA allowable, what is typical in acquisition structures). 2/x
➡️ Discuss the process of working with @PIONEERCAPADV for your SMB acquisition financing

➡️ Discuss when a bank is required to take a lien on your house.

➡️ Cover the concept of a full standby seller note and when it makes sense for your deal. 3/x
Read 6 tweets
Matthias Smith, CEO - Pioneer Capital Advisory LLC Profile picture
Dec 28, 2022
What Is a Personal Guaranty and When Is It Required with an SBA Loan? A 🧵 👇

#sba #smb #acquisitions #entrepreneurs #independentsponsors
1 - When SBA Requires the Personal Guaranty

➡️ Any 20% or more owner of an applicant business is required by SBA to personally guaranty an SBA loan. No exceptions. 1/x
2 - What Does a Personal Guaranty Mean?

➡️ All of your personal assets are along for the ride on your deal. If your deal goes sideways, the bank essentially can go after everything that you own. 2/x
Read 13 tweets

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