30 Oct Acquiring Minds: How to Buy a SaaS Business with an SBA Loan | Andrew Swiler Interview
Many acquisition entrepreneurs don’t even attempt to buy a SaaS business, and for 2 big reasons: 1) they are perceived as too expensive and therefore unfinanceable with an SBA loan, and 2) the entrepreneurs aren’t technical so they worry about buying a business whose very product is lines of computer code. But today’s guest, Andrew Swiler, was undeterred by all of the above. And Andrew found a SaaS business doing $650k SDE, acquired it with an SBA loan, and all while living in Barcelona. This is a fascinating deal, story, and education in SaaS with Andrew Swiler, owner of Lanteria.