Buy a Business with $50K? Harvard Expert Reveals SBA Loan Secrets! [Business Buying, SBA Loans, Owner-Operator]

In this episode, we interviewed Elliott Holland, a Harvard Business School alumni and business buying expert, about the secrets to successfully acquiring and running small businesses. Elliott shares his journey from private equity to helping everyday investors buy businesses under $5 million using SBA 7A loans. Learn how to navigate the complexities of business acquisition, avoid common pitfalls, and achieve financial freedom through entrepreneurship. Highlights: SBA 7A Loans: Discover how to leverage the government's SBA 7A program to borrow up to $5 million with as little as $50,000 in equity. The Psychology of Business Buying: Understand the importance of humility, empathy, and understanding the seller's perspective when negotiating a deal. Brokers: Learn how to effectively work with brokers, recognizing their value while being aware of their potential limitations. Timestamps: (00:00:00) Introduction to Elliott Holland and his Business Buying Masterclass (00:02:57) The Owner-Operator Model and SBA 7A Loans (00:04:39) The Desire for Financial Freedom and Autonomy (00:07:01) Understanding Incentives and Human Psychology in Business (00:19:24) Navigating the Challenges of Working with Brokers Connect with Elliott: Website: https://www.thebusinessbuyingmasterclass.com/ LinkedIn: in/ElliottHolland Business Buying Masterclass LinkedIn: /Business-Buying-Masterclass Connect with Jeff Barnes: Linkedin: https://www.linkedin.com/in/jeffpbarnes/ Website: https://www.jeffbarnes.ceo/ #BusinessBuying #Acquisition #Entrepreneurship #SBAloans #Investing #FinancialFreedom #OwnerOperator #DueDiligence #Masterclass #SmallBusiness #PrivateEquity #Harvard #ElliottHolland #JeffBarnes #AngelExits Learn more about your ad choices. Visit megaphone.fm/adchoices