Business Acquisition Financing & Capital Advisory. Guides, research and insights on financing a business acquisition in the United States.https://dunelandfinancial.com/en-ushttps://dunelandfinancial.com/acquisition-financing/sde-vs-ebitda/https://dunelandfinancial.com/acquisition-financing/sde-vs-ebitda/SDE and EBITDA differ by one owner's pay. When each applies, how to convert between them, and why a multiple built on one cannot be applied to the other.Fri, 18 Sep 2026 00:00:00 GMTvaluationDevin Martinhttps://dunelandfinancial.com/acquisition-financing/sellers-discretionary-earnings/https://dunelandfinancial.com/acquisition-financing/sellers-discretionary-earnings/What SDE includes, which add-backs survive a lender's verification, and the three deductions between a listing's SDE and cash flow for debt service.Fri, 18 Sep 2026 00:00:00 GMTvaluationDevin Martinhttps://dunelandfinancial.com/acquisition-financing/acquisition-buyer-financing-readiness/https://dunelandfinancial.com/acquisition-financing/acquisition-buyer-financing-readiness/Prepare your acquisition financing profile with a practical checklist covering liquidity, experience, target financials, deal structure, and next steps.Thu, 17 Sep 2026 00:00:00 GMTreadinessDevin Martinhttps://dunelandfinancial.com/acquisition-financing/acquisition-financing-before-loi/https://dunelandfinancial.com/acquisition-financing/acquisition-financing-before-loi/Check financing fit, buyer cash, seller terms, and diligence needs before an acquisition LOI sets expectations that the funding structure cannot support.Thu, 17 Sep 2026 00:00:00 GMTreadinessDevin Martinhttps://dunelandfinancial.com/acquisition-financing/acquisition-financing-without-sba/https://dunelandfinancial.com/acquisition-financing/acquisition-financing-without-sba/Explore conventional debt, private credit, seller financing, and investor capital when an SBA structure does not fit your business acquisition.Thu, 17 Sep 2026 00:00:00 GMTcapitalDevin Martinhttps://dunelandfinancial.com/acquisition-financing/business-acquisition-capital-stack/https://dunelandfinancial.com/acquisition-financing/business-acquisition-capital-stack/Compare senior debt, seller financing, buyer equity, and investor capital to understand how an acquisition funding structure comes together.Thu, 17 Sep 2026 00:00:00 GMTcapitalDevin Martinhttps://dunelandfinancial.com/acquisition-financing/business-acquisition-financing-timeline/https://dunelandfinancial.com/acquisition-financing/business-acquisition-financing-timeline/Understand the stages from financing preparation to closing and the documents, diligence dependencies, and decisions that can affect your timeline.Thu, 17 Sep 2026 00:00:00 GMTreadinessDevin Martinhttps://dunelandfinancial.com/acquisition-financing/how-much-business-can-i-afford/https://dunelandfinancial.com/acquisition-financing/how-much-business-can-i-afford/Estimate an acquisition budget using available cash, project costs, debt capacity, and retained liquidity instead of a down-payment percentage alone.Thu, 17 Sep 2026 00:00:00 GMTreadinessDevin Martinhttps://dunelandfinancial.com/acquisition-financing/private-credit-business-acquisition/https://dunelandfinancial.com/acquisition-financing/private-credit-business-acquisition/Understand private credit structures for acquisitions, including cash-flow fit, covenants, repayment, equity needs, and questions for prospective lenders.Thu, 17 Sep 2026 00:00:00 GMTcapitalDevin Martinhttps://dunelandfinancial.com/acquisition-financing/research/cash-scenario-methodology/https://dunelandfinancial.com/acquisition-financing/research/cash-scenario-methodology/The assumptions, formulas, and reproducible script behind the twenty modeled acquisition-cash scenarios, including every input and its limitations.Thu, 17 Sep 2026 00:00:00 GMTresearchDevin Martinhttps://dunelandfinancial.com/acquisition-financing/research/how-much-cash-buy-business-study/https://dunelandfinancial.com/acquisition-financing/research/how-much-cash-buy-business-study/Compare 20 illustrative acquisition cash scenarios with transparent assumptions for project costs, contribution sources, liquidity, and debt capacity.Thu, 17 Sep 2026 00:00:00 GMTresearchDevin Martinhttps://dunelandfinancial.com/acquisition-financing/research/sba-acquisition-loan-data-2026/https://dunelandfinancial.com/acquisition-financing/research/sba-acquisition-loan-data-2026/Analyze reported SBA change-of-ownership approvals through June 2026, with matched periods, source data, and limits on what the records establish.Thu, 17 Sep 2026 00:00:00 GMTresearchDevin Martinhttps://dunelandfinancial.com/acquisition-financing/research/sba-data-methodology/https://dunelandfinancial.com/acquisition-financing/research/sba-data-methodology/How the SBA 7(a) extract was filtered, which records were selected and excluded, and what the resulting figures can and cannot establish.Thu, 17 Sep 2026 00:00:00 GMTresearchDevin Martinhttps://dunelandfinancial.com/acquisition-financing/sba-business-acquisition-down-payment/https://dunelandfinancial.com/acquisition-financing/sba-business-acquisition-down-payment/Estimate the cash needed for an SBA business acquisition, including project costs, seller-note treatment, lender conditions, and post-close liquidity.Thu, 17 Sep 2026 00:00:00 GMTsbaDevin Martinhttps://dunelandfinancial.com/acquisition-financing/sba-business-acquisition-financing/https://dunelandfinancial.com/acquisition-financing/sba-business-acquisition-financing/Understand SBA acquisition financing, buyer cash, seller notes, debt coverage, and diligence before choosing a structure for your business purchase.Thu, 17 Sep 2026 00:00:00 GMTsbaDevin Martinhttps://dunelandfinancial.com/acquisition-financing/sba-dscr-acquisition/https://dunelandfinancial.com/acquisition-financing/sba-dscr-acquisition/Learn how acquisition debt coverage works, which cash-flow adjustments matter, and how interest rates and seller payments change borrowing capacity.Thu, 17 Sep 2026 00:00:00 GMTsbaDevin Martinhttps://dunelandfinancial.com/acquisition-financing/sba-equity-injection/https://dunelandfinancial.com/acquisition-financing/sba-equity-injection/Learn how SBA acquisition equity injection differs from buyer cash, which contribution sources need review, and how to document the funding trail.Thu, 17 Sep 2026 00:00:00 GMTsbaDevin Martinhttps://dunelandfinancial.com/acquisition-financing/sba-loan-rates-fees-terms-acquisition/https://dunelandfinancial.com/acquisition-financing/sba-loan-rates-fees-terms-acquisition/Compare the components of SBA acquisition borrowing costs, including base rates, lender spreads, fees, repayment terms, and payment sensitivity.Thu, 17 Sep 2026 00:00:00 GMTsbaDevin Martinhttps://dunelandfinancial.com/acquisition-financing/sba-quality-of-earnings/https://dunelandfinancial.com/acquisition-financing/sba-quality-of-earnings/Understand acquisition quality of earnings, how it differs from valuation, and what to verify about lender requirements, timing, and report reliance.Thu, 17 Sep 2026 00:00:00 GMTsbaDevin Martinhttps://dunelandfinancial.com/acquisition-financing/sba-seller-note/https://dunelandfinancial.com/acquisition-financing/sba-seller-note/Understand how seller notes fit an SBA acquisition, why standby and subordination matter, and when a note may affect the buyer's cash contribution.Thu, 17 Sep 2026 00:00:00 GMTsbaDevin Martinhttps://dunelandfinancial.com/acquisition-financing/sba-sop-50-10-8-1/https://dunelandfinancial.com/acquisition-financing/sba-sop-50-10-8-1/Review the SBA SOP 50 10 8.1 effective date, acquisition-policy changes, and transition questions buyers should resolve with their lender.Thu, 17 Sep 2026 00:00:00 GMTsbaDevin Martinhttps://dunelandfinancial.com/acquisition-financing/sba-total-project-cost/https://dunelandfinancial.com/acquisition-financing/sba-total-project-cost/Build an acquisition sources-and-uses schedule and distinguish purchase price, working capital, eligible costs, and the cash paid outside the loan.Thu, 17 Sep 2026 00:00:00 GMTsbaDevin Martinhttps://dunelandfinancial.com/acquisition-financing/sba-vs-conventional-business-acquisition/https://dunelandfinancial.com/acquisition-financing/sba-vs-conventional-business-acquisition/Compare SBA and conventional acquisition financing by eligibility, contribution, repayment, guarantees, and lender requirements for your deal.Thu, 17 Sep 2026 00:00:00 GMTcapitalDevin Martinhttps://dunelandfinancial.com/acquisition-financing/seller-financing-business-acquisition/https://dunelandfinancial.com/acquisition-financing/seller-financing-business-acquisition/Explore how seller financing changes an acquisition's cash needs, repayment schedule, and risk, and which terms buyers should review with advisors.Thu, 17 Sep 2026 00:00:00 GMTcapitalDevin Martinhttps://dunelandfinancial.com/blog/proof-of-funds-for-buying-a-business-what-actually-impresses-sellers-and-lenders/https://dunelandfinancial.com/blog/proof-of-funds-for-buying-a-business-what-actually-impresses-sellers-and-lenders/What sellers, brokers and lenders actually accept as proof of funds when you buy a business, and why a bank statement alone rarely does it.Fri, 10 Apr 2026 00:00:00 GMTproof of fundsbuying a businessletter of intentDevin Martinhttps://dunelandfinancial.com/blog/sba-loan-rules-2026-green-card-holders-ineligible-why-non-sba-acquisition-loans-are-essential-how-duneland-financial-helps/https://dunelandfinancial.com/blog/sba-loan-rules-2026-green-card-holders-ineligible-why-non-sba-acquisition-loans-are-essential-how-duneland-financial-helps/From March 2026 the SBA bars green card holders from any ownership in a borrower. Here is what changed, and which financing routes remain open.Mon, 16 Feb 2026 00:00:00 GMTSBAgreen cardnon-SBA financingpolicy changeDevin Martinhttps://dunelandfinancial.com/blog/sba-loan-vs-conventional-loan-breaking-it-down-with-a-5-million-example/https://dunelandfinancial.com/blog/sba-loan-vs-conventional-loan-breaking-it-down-with-a-5-million-example/SBA against conventional financing on a $5 million acquisition: the rates, the interest each route costs over ten years, and which one suits which buyer.Wed, 26 Feb 2025 00:00:00 GMTSBAconventional financingworked exampleDevin Martinhttps://dunelandfinancial.com/blog/the-sbas-acquisition-minefield/https://dunelandfinancial.com/blog/the-sbas-acquisition-minefield/SBA 7(a) loans open doors for acquisition buyers, and they carry requirements that end deals. What the program asks, and where files fail.Wed, 26 Feb 2025 00:00:00 GMTSBAunderwritingdeal riskDevin Martinhttps://dunelandfinancial.com/blog/top-10-actions-to-ensure-a-bankable-business-sale-for-you-and-your-future-buyer/https://dunelandfinancial.com/blog/top-10-actions-to-ensure-a-bankable-business-sale-for-you-and-your-future-buyer/Ten things a seller can do to make a business financeable, so a buyer's lender approves the deal rather than declining it.Wed, 26 Feb 2025 00:00:00 GMTselling a businessbankabilityseller preparationDevin Martinhttps://dunelandfinancial.com/blog/why-we-ask-for-credit-reports-and-financial-statements-clearing-up-the-confusion/https://dunelandfinancial.com/blog/why-we-ask-for-credit-reports-and-financial-statements-clearing-up-the-confusion/Why an acquisition capital advisor asks for a credit report and a personal financial statement before taking your file to a lender.Wed, 26 Feb 2025 00:00:00 GMTunderwritingcreditprocessDevin Martinhttps://dunelandfinancial.com/blog/your-acquisition-material-checklist-what-it-is-and-why-it-matters/https://dunelandfinancial.com/blog/your-acquisition-material-checklist-what-it-is-and-why-it-matters/The documents a lender needs after you sign the LOI, what each one proves, and why the list is shorter than it looks.Wed, 26 Feb 2025 00:00:00 GMTdue diligencedocumentationletter of intentDevin Martin