SBA Financing Counsel for Aerospace & Defense Acquisitions
Securities and M&A counsel for independent sponsors structuring aerospace and defense transactions, from LOI to close to the capital markets that open up afterward.
The economics on a aerospace and defense platform deal usually hinge on a handful of structural decisions. SBA Financing is one of them.
The typical aerospace and defense platform sits at $15M to $200M EV with EBITDA in the $3M to $30M range. The thesis runs on tier-two or tier-three supplier consolidation with certifications as moat. Foreign LP capital can trigger CFIUS review on the cleanest of deals. Map the cap table early.
How SBA Financing actually gets structured.
Confirm eligibility against SBA size standards before signing the LOI.
Structure personal guarantees with care; SBA lenders require them but they can be narrowed.
Plan the seller note as on-standby debt, supporting the SBA loan covenant package.
Time the SBA approval process into the closing schedule; allow 90 days from full application.
In aerospace and defense, layer in ITAR / EAR registration transferred or refiled before close as part of the SBA Financing workstream.
Promising the seller an SBA-funded close in 60 days. SBA does not move at LOI speed.
"SBA debt is the cheapest money in the independent sponsor market. The trade is paperwork and time."Jason Powell · SBA Financing
The deal is one thing. The capital that opens up after close is another.
Capital after close is where the IRR actually gets made. The right introductions at month nine through month thirty are where this practice works as hard as it does at the LOI.
Related deal pages.
Transaction Fee Structuring for Aerospace & Defense
The fee paid at closing to the independent sponsor for sourcing, structuring, and closing the platform deal a…
Working Capital Adjustments for Aerospace & Defense
The closing-date true-up that protects the buyer from receiving a business stripped of normal-course working …
Representation & Warranty Insurance for Aerospace & Defense
A buyer-side insurance product covering breach of seller representations, reducing seller escrow and indemnit…
Indemnification for Aerospace & Defense
The seller's contractual promise to compensate the buyer for breaches of representations, covenants, and spec…
SBA Financing for Healthcare Services
roll-up of physician practices and ancillary service lines
SBA Financing for Home Services
regional roll-ups of HVAC, plumbing, and electrical operators
An LOI on the desk, a aerospace and defense target, and a SBA Financing question worth a real conversation.
Twenty minutes of practitioner-grade input from a securities attorney whose first move is to read the deal, not the engagement letter.