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My guest in this episode is Heather Endresen, co-director of Search Fund Lending at Live Oak Bank. Her name probably sounds familiar as Live Oak is a sponsor of this podcast. Given the strong interest from our audience, I decided to bring Heather on the show to share the ins and outs of the SBA program as it's highly relevant to the subject matter of Think Like an Owner. During our episode, we discussed the history of the SBA program as a government program, high-level terms of SBA debt, what companies and deals are good fits, what add-backs are accepted and which are not, risk to searchers and the worst case scenario, and the SBA programs value to strategic acquirers.\nI hope you enjoy this in-depth episode on the SBA program with Heather. Enjoy.\nListen weekly and subscribe on iTunes, Spotify, Google Podcasts, Stitcher, Breaker, and TuneIn.\nThink Like an Owner Sponsors\nLive Oak Bank\xa0\u2013 Live Oak Bank is a seasoned SMB lender\xa0providing SBA and conventional financing for\xa0search funds, independent sponsors, private equity firms, and individuals looking to acquire lower middle market companies. Live Oak has closed billions of dollars in SBA financing and is actively looking to help more small company investors across the country. If you are in the process of acquiring a company or thinking about starting a search, contact Lisa Forrest or Heather Endresen directly to start a conversation or go to\xa0www.liveoakbank.com/think.\nHood & Strong, LLP\xa0\u2013 Hood & Strong is a CPA firm with a long history of working with search funds and private equity firms on diligence, assurance, tax services, and more. Hood & Strong is highly skilled in working with search funds, providing quality of earnings and due diligence services during the search, along with assurance and tax services post-acquisition. They offer a unique way to approach acquisition diligence and manage costs effectively. To learn more about how Hood & Strong can help your search, acquisition, and beyond, please email one of their partners Jerry Zhou at\xa0jzhou@hoodstrong.com.\xa0\nOberle Risk Strategies\u2013 Oberle\xa0is the leading specialty insurance brokerage catering to search funds and the broader ETA community, providing complimentary due diligence assessments of the target company\u2019s commercial insurance and Employee benefits programs. Over the past decade, August Felker and his team have engaged with hundreds of searchers to provide due diligence and ultimately place the most competitive insurance program at closing. Given August\u2019s experience as a searcher himself, he and his team understand all that goes into buying a business and\xa0pride themselves on making the insurance portion of closing seamless and hassle-free.\nIf you are under LOI, please reach out to August to learn more about how Oberle can help with insurance due diligence at\xa0oberle-risk.com. Or reach out to August directly at\xa0august.felker@oberle-risk.com.\nInterested in sponsoring?\nLinks Mentioned:\n\nHeather Endresen on LinkedIn\n\nHeather Endresen on Twitter\n\nLive Oak Bank Official Website