Investor-Backed Search and SBA: Buy Bigger, Keep Control

Learn how to structure a self-funded deal with SBA debt and investor equity, including key terms and simple modeling.
Aired
Tuesday, November 4, 2025
Investor-Backed Search and SBA: Buy Bigger, Keep Control
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In this session, Tim Ericson of Shareholder Ventures and Acquisition Lab walked through how self-funded SBA search deals are structured and evaluated.

He explained key financial terms, how investors think about returns, and reviewed an example financial model.

Topics covered:

  • What “pref rate,” “liquidation pref,” “step-up,” and “waterfall” mean in plain English
  • How investor money translates to common equity
  • Typical market terms for SBA search deals in 2025
  • How investors measure returns (IRR and MOIC)
  • Simple walk-through of a model, including when to repay investors or reinvest for growth
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