Accidental SBA Business Purchase

Brent shares how he acquired his first business through an SBA loan.

"We grew to 26 employees at the peak with our marketing firm. We were doing fine, making a good living, but the agency business is hard. When we bought the firm called Meticross, we were kind of co-equals in the marketplace. They were much more focused on government contracts, which we didn't have, so that was really attractive about the acquisition.

Combining those organizations gave us a lot more cash flow than having them separate, based on cross-selling different products and being able to fulfill more of the gross profit through a larger organization that they had been farming out.

I bought it with an SBA loan - thank God for the SBA. It was just me, no co-founder or outside investors. I rolled the dice and technically it was its own entity but it was 100% owned by me, so we shared resources."