Close · Logistics & Distribution

SBA Financing Counsel for Logistics & Distribution Acquisitions

When the deal is logistics and distribution and the question is SBA Financing, the structure decisions in the first 30 days outlast the next five years. This is where Jason Powell works.

EV range $12M to $140M EV EBITDA $3M to $22M Audience Independent Sponsor
The deal context

Logistics & Distribution deals in the lower middle market run a specific playbook. SBA Financing is where the structure either holds or starts to leak.

The typical logistics and distribution platform sits at $12M to $140M EV with EBITDA in the $3M to $22M range. The thesis runs on regional acquisitions of brokerages, 3PLs, and last-mile operators. Fuel-volatile years make for clean entry multiples. Read the math, not the narrative.

The moves

How SBA Financing actually gets structured.

  1. Confirm eligibility against SBA size standards before signing the LOI.

  2. Structure personal guarantees with care; SBA lenders require them but they can be narrowed.

  3. Plan the seller note as on-standby debt, supporting the SBA loan covenant package.

  4. Time the SBA approval process into the closing schedule; allow 90 days from full application.

  5. In logistics and distribution, layer in earnout indexed to gross margin, not revenue as part of the SBA Financing workstream.

The common mistake

Promising the seller an SBA-funded close in 60 days. SBA does not move at LOI speed.

Jason's take
"SBA debt is the cheapest money in the independent sponsor market. The trade is paperwork and time."
Jason Powell · SBA Financing
Capital after close

The deal is one thing. The capital that opens up after close is another.

Most independent sponsors solve the closing capital and then run into the post-close capital problem alone. The capital markets relationships that matter at month 18 are part of this practice.

MONTH 18
Senior refi
MONTH 24
Dividend recap
MONTH 36
Growth equity
YEAR 4–5
Strategic exit
WORK WITH JASON

Bring the logistics and distribution deal. Get SBA Financing done right.

Direct counsel from a securities and M&A attorney with billions in structured transactions, the independent-sponsor-native playbook, and the capital markets network that opens up post-close.