How I Bought a Profitable Business After 20 Years in Banking | My SBA Loan

After nearly 20 years in banking and financing hundreds of business acquisitions, I finally became the buyer.In this episode of My SBA Loan Pro Podcast, I share the complete story of buying my first business—a profitable trampoline park—and the lessons I learned before, during, and after the acquisition.▶️We discuss:➡️Why I chose to buy an existing business instead of starting one ➡️How I evaluated cash flow and risk before making an offer ➡️What I discovered during due diligence ➡️The financing structure and negotiations behind the deal ➡️The biggest surprises after taking ownership ➡️Why cleaning up the business didn't automatically increase profits ➡️Cash flow, taxes, and wealth-building strategies every buyer should understand ➡️My advice for first-time business buyers and entrepreneurs ➡️Why I'm already searching for my next acquisitionWhether you're considering buying a business, exploring SBA financing, or interested in Entrepreneurship Through Acquisition (ETA), this episode offers practical insights from someone who has been on both sides of the table—as a banker and now as a business owner.If you're serious about business acquisitions, SBA loans, and building long-term wealth through entrepreneurship, make sure to subscribe for more episodes.🎙️ Hosted by Ryan Smith More ThinkSBA Resources⁠https://calendly.com/thinksba - Schedule Call https://g.page/thinksba - Google Business Page & Reviews https://thinksba.com/faq - Frequently Asked Questions https://mysbaloanpro.com⁠ - My SBA Loan Pro Podcast http://youtube.com/@thinksba - YouTube Channel