28 Mar Acquiring Minds: $700k EBITDA with No SBA No Money Down | Andrew Stordeur Interview
We tend to think that here in the States we got it good with the SBA, and that our counterparts in other countries have it harder. But after today’s interview, I’m starting to wonder. Andrew Stordeur bought at 25-year-old outdoor furniture manufacturer. We spend a lot of time on the fact that Andrew, a Canadian in Calgary, not only had no problem accessing financing from banks in Canada to do this deal. He also got great terms. Andrew had to use very little of his own money to buy a business doing $700k in EBITDA. It’s an illuminating case study for all the non-Americans out there — and us Americans too — about getting a deal done without the SBA.
