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A free weekly newsletter on buying small businesses
Real deals. Real financing. Real numbers.
Every week we pull SBA loan-level filings to find the small business acquisitions that actually closed, who financed them, and what they paid. Plus a few businesses for sale and one concept explained plainly.
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Delayed data · As of Oct 19, 1:19 PM EDT · Not investment advice.
Latest issueIssue No. 3·Oct 7, 2026·4 min read
One Bank. Nearly All the Growth.
Welcome back: one deal at the SBA's hard ceiling, one bank that ate a whole market's growth, four listings, one concept.
Read issue No. 3 →Inside every issue
01
Deal of the Week
One real, SBA-financed acquisition pulled from federal loan filings, and what made it work.
02
Data Snapshot
A chart or table from loan-level SBA data: who is buying, what, and for how much.
03
On the Market
A few businesses listed for sale right now, with the multiple and the catch.
04
One Concept, Explained
SDE, 504 structures, seller notes. One idea, explained plainly.
Previous issues
Full archive →
Issue No. 2·Aug 20, 2026·3 min read
Two Day Cares. Twenty-One Days.
Two California day cares bought 21 days apart, why hotels take 1 in 3 SBA acquisition loans, and three small businesses on the market now
Issue No. 1·Aug 5, 2026·4 min read
A Ford Dealership Sells for $5.6M
A Wisconsin Ford dealership acquisition, SBA loan data showing deal sizes up 114% since 2019, and three small businesses on the market now.
Deal math
How much cash does a 504 deal actually take?
An SBA 504 loan splits a purchase three ways: a bank, an SBA-backed debenture, and you. The split moves if the property is special-use (hotels, gas stations, car washes) or the business is a startup. Read the explainer →
Illustrative only. Lenders can require more equity, and fees and closing costs are not included.
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For people who buy, finance, and advise small businesses. One email a week.