Home / Case studies

Financeability evidence

Illustrative SBA Acquisition Financeability Case Studies

Worked examples showing how buyer liquidity, target cash flow, seller financing, DSCR, and lender fit interact in an SBA acquisition financeability review.

Transparent methodologyPolicy as of 2026-08-15Preliminary, not a loan approval

These are illustrative, anonymized worked examples created to explain the methodology. They are not actual client transactions, loan approvals, lender quotes, or predictions of outcome.

Illustrative case

Buyer cash supported the target, but business cash flow did not

A buyer had enough liquidity for a 10% injection on a $1.5 million acquisition, but the target's historical cash flow did not support the proposed senior debt at the planning DSCR.

Review the worked example

Illustrative case

A compliant standby seller note improved both injection and DSCR

A $1.3 million acquisition was initially too tight with only 5% buyer cash. A seller note equal to the remaining 5% was modeled as equity credit only because it was assumed to be on full standby for the life of the SBA loan.

Review the worked example

Illustrative case

The financing case was viable, but the original lender fit was not

An acquisition with acceptable modeled coverage still needed a lender whose appetite matched the industry, ownership experience, collateral profile, and transaction size.

Review the worked example

Continue the analysis

Related guidance and next steps

SBA Listing Financeability Review for Business Brokers

Open resource