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Podcasts/Acquiring Minds
Acquiring MindsDecember 11, 2025

The 7-Year Collapse of an SBA Acquisition

with Scott Duncan

Listen to Episode →

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

The Deal

Industry
tool & die business
State
MA
Purchase Price
$3.6M
Multiple
2.9x
Year
2018
Financing
SBA 7a
LTV at Close
90%
Deal Source
broker

Financing Structure

$2.9M
SBA 7(a)
$2.9M (80%)
Seller Note
$360K (10%)
Investor Equity
$360K (10%)

Strategic Rationale

The buyer aimed to leverage his mechanical engineering background to professionalize a traditional manufacturing shop.

Post-Acquisition Performance

Initial loss of major customer; COVID-led decline; moved to new facility in 2023 but went to zero and liquidated in 2025.

The LenderHawk View

Real lenders that finance similar deals

Active Lenders
10
Median Spread
P + 1.50%
Top Lenders
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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