The Business Buyer's Journey
How to Buy
a Business
From “Am I ready?” to “I just closed” — a complete, step-by-step guide built by a team that has funded over $450 million in SBA loans. No theory. No fluff. Just what works.
Where Should I Start?
Pick the path that matches where you are in the process.
Free Tools to Help You Plan
Run the numbers before you make your move.
The 8-Phase Journey
Every business acquisition follows this path. Scroll down to explore each phase in detail.
Your Acquisition Journey
Eight phases. Sixteen deep-dive articles. Everything you need to buy a business with confidence.
Are You Ready?
Self-assessment, financial readiness, and the questions smart buyers ask before they search.
Find the Right Business
Where to look, how to evaluate listings, and when to use a broker versus going direct.
Due Diligence
Verify everything. Financials, legal, operations, customers, and employees — before you sign.
Valuation
What the business is actually worth — from both the buyer's and the lender's perspective.
Financing
SBA 7(a) loan structure, down payment strategies, and what lenders need to approve your deal.
Negotiation & Closing
From your letter of intent through closing day — every step, every document, every deadline.
Your First 30 Days
Stabilize the business, earn your team's trust, and set up systems that scale.
Grow & Expand
From stabilization to scale — and knowing when it's time for your next move.
Ready to Make Your Move?
Our team has closed over 425 business acquisitions with SBA financing. Whether you're evaluating your first deal or ready to apply, we're here to help.
Your Guides
Every article in this series is written by one of our founders — active SBA lenders who close deals every week.
Shane Pierson
SBA National Sales Manager
Stephanie Castagnier Dunn
EVP Chief SBA Revenue Officer
Brian Congelliere
VP SBA Business Development Officer
This content is for educational purposes only. It is not legal, financial, or investment advice. We strongly recommend consulting with a qualified attorney, CPA, and financial advisor before making any business acquisition decisions. Lords of Lending is not a bank or lender — we connect you with SBA-authorized lending partners.