Heather Endresen - SBA: Government’s Strategic Loan Program for Entrepreneurs - Ep.86

<p>My guest in this episode is Heather Endresen, co-director of Search Fund Lending at Live Oak Bank. Her name probably sounds familiar as Live Oak is a sponsor of this podcast. Given the strong interest from our audience, I decided to bring Heather on the show to share the ins and outs of the SBA program as it&#39;s highly relevant to the subject matter of Think Like an Owner. During our episode, we discussed the history of the SBA program as a government program, high-level terms of SBA debt, what companies and deals are good fits, what add-backs are accepted and which are not, risk to searchers and the worst case scenario, and the SBA programs value to strategic acquirers.</p><p>I hope you enjoy this in-depth episode on the SBA program with Heather. Enjoy.</p><p>Listen weekly and subscribe on <a href="https://podcasts.apple.com/gb/podcast/think-like-an-owner/id1445929750" rel="nofollow">iTunes</a>, <a href="https://open.spotify.com/show/3Fbv9d4HpDwuO4MOPvgdvO" rel="nofollow">Spotify</a>, <a href="https://podcasts.google.com/feed/aHR0cHM6Ly90aGlua2xpa2Vvd25lcnMubGlic3luLmNvbS9yc3M=" rel="nofollow">Google Podcasts</a>, <a href="https://www.stitcher.com/show/think-like-an-owner" rel="nofollow">Stitcher</a>, <a href="https://www.breaker.audio/think-like-an-owner" rel="nofollow">Breaker,</a> and <a href="https://tunein.com/podcasts/Business--Economics-Podcasts/Think-Like-An-Owner-p1180625/" rel="nofollow">TuneIn</a>.</p><h3><strong>Think Like an Owner Sponsors</strong></h3><p><a href="https://www.liveoakbank.com/sponsor-finance-loans/" rel="nofollow"><strong><em>Live Oak Bank</em></strong></a><em> – Live Oak Bank is a seasoned SMB lender providing SBA and conventional financing for search funds, independent sponsors, private equity firms, and individuals looking to acquire lower middle market companies. Live Oak has closed billions of dollars in SBA financing and is actively looking to help more small company investors across the country. If you are in the process of acquiring a company or thinking about starting a