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Podcasts/Acquiring Minds
Acquiring MindsNovember 1, 2021

Stay Open to the Many Flavors of Search

with Chris Williams · System 6 Strategic Bookkeeping

Listen to Episode →

LenderHawk analysis. Not affiliated with or endorsed by Acquiring Minds.

The Deal

Business
System 6 Strategic Bookkeeping
Industry
Outsourced Accounting
Year
2021
Financing
SBA 7a
Revenue at Purchase
$3.0M
Deal Source
proprietary

Financing Structure

SBA 7(a)
Investor Equity

Strategic Rationale

Leveraging finance background to acquire sticky, recurring-revenue service in fragmented market.

Post-Acquisition Performance

Focusing on implementing CRM; scaling from 150 clients with goal of 500.

The LenderHawk View

Real lenders that finance similar deals

Active Lenders
10
Median Spread
P + 4.37%
Top Lenders
The Huntington National Bank222 deals
Eastern Bank169 deals
Wells Fargo Bank National Association157 deals
TD Bank, National Association154 deals
JPMorgan Chase Bank, National Association100 deals

Key Takeaways

  • 1Stay open to multiple search fund structures and paths rather than assuming one canonical approach is best for your situation.
  • 2Conduct exploratory search before locking into a financing structure to validate which business size and deal type aligns with your goals and constraints.
  • 3Smaller acquired businesses may offer significant growth opportunities if the previous owner deliberately scaled back involvement to preserve cash flow rather than having exhausted the business potential.

Matched SBA Loan Records

SBA loan filings we matched to this deal

First National Bank of Omaha85%
$159KP + 1.00%FY2010
PNC Bank, National Association85%
$125KP + 4.50%FY2018
U.S. Bank, National Association85%
$300KP + 1.00%FY2019

Want the Full Story?

The full narrative — the personal details, the hard moments, the host conversation — only lives in the original. Go listen.

Listen on Acquiring Minds