Buying $1.5m of Earnings Without an SBA Loan | Justus Luttig Interview

Synopsis

Justus Luttig bought Copeland Home Services, combining two Texas trades businesses with about $1.5m of pro forma earnings, without using an SBA loan because of visa constraints. The deal used seller rollover, seller notes, investor equity, and a convertible note, and the episode also covers a failed earlier plan to run and later acquire another trades business.

Ideas in this episode

• Zero-down business acquisition

  Justus Luttig bought Copeland Home Services without an SBA loan due to visa constraints, using seller rollover, seller notes, investor equity, and a convertible note. The episode covers acquiring Texas trades businesses with $1.5m pro forma earnings.

• Small business acquisition (no experience required)

  Justus Luttig acquired Copeland Home Services, combining two Texas trades businesses with $1.5m of pro forma earnings, without an SBA loan due to visa constraints. The deal used seller rollover, seller notes, investor equity, and a convertible note.