How PACT Simplifies Investor Deals Using SBA

Deal terms to buy a business with an SBA loan and investors are all over the place.

First-time searchers meet bespoke documents and slow bank and legal reviews — it's a status quo that wastes time and money for everybody.

Well the team at Shareholder Ventures have released PACT — P.A.C.T. — in an effort to fix this mess.

The vision is to simplify and standardize terms for SBA searchers raising equity from investors for their acquisitions.

PACT stands for Partnership Acquisition Commonsense Terms. And it's essentially a legal framework — a set of documents — that is free and meant to set an industry baseline for terms that balance the interests of SBA searchers and investors.

Tim Ericson at Shareholder Ventures and attorney and PACT co-author Joe Spina will present a webinar this coming Tuesday, walking you through PACT and how to use it.

This is a very valuable session that will educate you on what could become a standard in our world.