No SBA, No Investors: The Liquidity Access Line

Brian Jungles bought a $400k direct mail business in Atlanta and skipped SBA by pledging his portfolio as collateral.

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Topics in Brian’s interview:

• Leaving his corporate career at Adobe
• Finding a business through his network
• Acquiring for $400k cash
• Getting a personal line of credit through his bank
• Direct mail is still effective
• Growth is a lot of work
• Humbling experience of learning Quickbooks
• Picture-perfect transition of ownership
• Learning to translate “corporate speak”
• “The entrepreneur community all wants to help each other.”

References and how to contact Brian:

• LinkedIn
• City Publications Atlanta

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• Oberle Risk Strategies - Search Fund Team

Get a free review of your books & financial ops from System Six (a $500 value):

• Book a call with Tim or [email protected] and mention Acquiring Minds

The ecosystem for serious acquisition entrepreneurs—education, capital, community, and post-close support to buy and grow a business:

• The Acquisition Lab

Connect with Acquiring Minds:

• See past + future interviews on the YouTube channel
• Connect with host Will Smith on LinkedIn
• Follow Will on Twitter

Edited by Anton Rohozov and produced by Pam Cameron