How to Buy a Business with No Money & Avoid These Costly Mistakes!

Buying a business is one of the fastest ways to build wealth, but it’s also filled with hidden pitfalls that can destroy your investment. In this episode, Jay Bourgana sits down with Colin McNulty, an SBA lending expert, to break down the real risks, hidden traps, and financing hacks that most entrepreneurs miss.
If you’re an aspiring entrepreneur, business buyer, business owner, high-income professional, tech entrepreneur, post-exit founder, or investor, this episode is for you! 🚀
💡 What You’ll Learn in This Video: 
✅ How to buy a business with 100% financing – yes, even with zero money down! 
✅ Why 20-25% of business acquisitions struggle post-close (and how to avoid being part of that statistic) 
✅ The 3 biggest mistakes buyers make that can kill their business within the first 180 days 
✅ The #1 overlooked factor that leads to financial disaster post-acquisition 
✅ How banks really evaluate SBA loans and what they won’t tell you upfront 
✅ How to negotiate seller financing and structure deals like a pro 
✅ The shocking truth about customer concentration risks (and why it can sink your business overnight) 
✅ How working capital miscalculations can destroy even a great business deal 
✅ Insider secrets on SBA 7(a) and SBA 504 loans, and which is best for you 
✅ The right way to handle investor equity and avoid deal-breaking mistakes

00:00 – Introduction: Why business acquisitions fail more often than you think 
01:15 – What makes First Savings Bank’s SBA lending different? 
02:42 – The shocking truth about post-acquisition struggles (Why 25% of businesses struggle or fail!) 
04:10 – How to get 100% SBA financing for expansion and acquisitions 
07:30 – Why your lender disappears the day after closing (and why that’s a huge problem) 
10:05 – The biggest financing risk no one talks about (and how to avoid it) 
15:20 – How a single bad decision caused a business to struggle for five years 
18:30 – Why working capital is more important than the purchase price (Most people get this wrong!) 
22:45 – How to use seller financing smartly to protect yourself from risk 
27:15 – The truth about covenants in SBA and conventional loans (what you need to know!) 
30:40 – Should you do a stock sale or an asset sale? The key differences! 
36:50 – How to negotiate with banks & structure a deal that works for you 
42:15 – Insider scoop: Recent SBA rule changes that can help you 
45:00 – The hidden dangers of buying a business with real estate (what to watch for!) 
50:10 – Creative deal structures that help you stand out from the competition
🔥 Don’t make costly mistakes when buying a business! 🔥 
Watch the full episode to learn how to finance your acquisition the right way and avoid pitfalls that could cost you millions!
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📢 Share your thoughts in the comments – Have you faced challenges in business acquisition? 
📩 Want expert help on financing? Contact us here: https://www.acquisitionscollective.biz/

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