SBA Loans Explained: How to Buy or Grow a Business with 10% Down - Featuring Brett Bawden

Thinking about buying a business or expanding the one you already own but not sure how to fund it? In this episode, Spencer Ward sits down with Brett Bawden, SBA lender at Truliant Credit Union, to break down exactly how SBA financing works in the real world, not the fluff, the actual rules lenders use to say yes or no. They dig into Entrepreneurship Through Acquisition (ETA), how you can buy a business with as little as 10% down, and what it really takes to qualify. You'll learn: How SBA loans work (and why they're one of the best tools for acquisitions) The 5 C's of lending—and how lenders actually evaluate you What a 1.25x debt service coverage ratio means (and why it matters) Why lenders treat acquisitions like startups How much you can borrow (up to $5M+) When you can get 100% financing—and when you can't The biggest mistakes buyers make when trying to get approved If you're planning to buy a business: This episode will save you time, money, and frustration by helping you understand how lenders think. If you're planning to sell: Clean financials aren't optional. What you write off today could cost you your exit tomorrow. 📞 Connect with Brett Bawden: 208-244-4666 (Nationwide SBA lending + business valuations) If you are feeling the love, make sure to

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SBA Loans Explained: How to Buy or Grow a Business with 10% Down - Featuring Brett Bawden is an episode from Idaho Business Podcast by Spencer Ward.

This episode is 23:24 long.

This episode was published on Apr 14, 2026.

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