Blog

First-time Business Buyer

FREE ADVANCED TRAINING.

SBA rules pick your structure before you do.

A cap you cannot collect is not protection

Your personal guaranty is a program term, not a deal term.

Your claim dies on the survival date.

Your LOI price is not what leaves your bank account.

The lender’s environmental report is not your defense.

Two drafting architectures set what you assume.

The underwriting clock decides your outside date

The seller note is where an indemnity gets paid

SBA eligibility is a screen you run before offering.

The LOI decides who writes the purchase agreement.

Some licenses do not transfer with the assets.

The allocation schedule sets your future deductions.

The lender’s valuation can come in under your price

An escrow and a holdback protect you differently

No one audited the financial statements you were sent.

An asset sale ends employment and you rehire.

Your SBA lender will veto some letter of intent terms.

Your lease has to outlast your SBA loan.

An S corporation target has three routes to a step-up.

SBA financing rules out the earn-out

Whoever prepares the closing statement sets the number

The asking price is a multiple of a recast number.

An asset sale can break employee non-competes.

An LOI deposit becomes part of your equity injection.

Measure the concentration, then test the contract.

The entity you form decides your tax and your guaranty.

Debt-like items decide what you actually pay

The seller’s non-compete is judged as a sale, not a job.

Your exclusivity period runs on your lender’s clock.

Tie the reported revenue to the bank deposits.

Four exceptions move the seller’s liabilities to you.

The lender takes an assignment of your life policy

A low working capital peg leaves you short at closing

The broker on the listing represents the seller.

The SBA caps how long your seller can stay.

Parts of your letter of intent bind you at signature.

Reconcile the add-backs to the filed tax return.

Structure decides what you buy and what you owe.

SBA collateral rules reach your personal residence

A stale UCC filing will stop your lender funding.

Every consent you demand hands out a veto.

The seller’s unpaid sales tax can follow the assets.

The lender’s closing checklist is not yours.

In an asset sale you hire everyone on day one.

Owning the company is not permission to run it.

The seller runs the business until you fund.

Closing is a sequence, not a moment.

Full standby stops every payment on the seller note

The lender traces every dollar of your equity injection

The lender decides who signs a personal guaranty

Unrealistic Working Capital

Leverage Ratio Maxes

SBA 7(a) Loan Primer

Inside the Mind of a Seller’s Broker

How SBA 7(a) Loans Are Processed During a Government Shutdown

Expert Guidance on Your Letter of Intent

Who’s On My Buy-side Deal Team?

Reps and Warranties 101 Course

Asset Purchase v. Stock Purchase?

The Most-Over-Looked Tax Tool

Beware of Step-Transactions

100% First-Year Depreciation

©2026 Prencipe International