The quest for the perfect business acquisition is filled with challenges. Business buyers and search funds know the struggle all too well: the endless search for profitable businesses, inexperienced brokers on listing sites, the geographic constraints, poor information about deals, and the race against competitors. But what if there was a solution that not only addressed these pain points but catapulted you ahead of the competition?
The Paycheck Protection Program (PPP) Loan Data Gold Mine:
PPP Data Gold Mine is our proprietary search tool that helps you find the business of your dreams within a haystack of 11 million off-market businesses. It is a free tool for Brokers, Buyers and Searchers to find profitable businesses that are not yet for sale.
Get access to 11.4 million private company details in the US, including estimated revenue and EBITDA.
This is not private information, you can download the public PPP Loan Data for free from the US SBA website. The only challenge is that the data is separated into 13 files, because each file reaches the maximum number of rows Excel has, resulting with a file size of over 400 MB each. You'll need a beefy computer with Power Query and Pivot Table know-how to combine, analyze and filter the data.
Enter the PPP Loan Data Gold Mine, a tool designed to address these pain points head-on from the comfort of your smartphone, iPad or laptop.
What's PPP?
The Paycheck Protection Program (PPP) was a loan initiative under the U.S. Small Business Administration (SBA) aimed at helping businesses, maintain their payroll and cover other essential expenses during the economic downturn caused by the COVID-19 pandemic.
Here's how it worked:
Application: Businesses would apply for a PPP loan through a participating lender. The application required the business to provide documentation of your payroll costs and other eligible expenses.
Loan Amount: The maximum loan amount was generally 2.5 times the average monthly payroll costs, up to $10 million for the first draw of PPP loans. There was also a second draw for businesses that had used up their first loan and were still facing financial hardship, with similar calculations but a cap of $2 million.
Use of Funds: The funds from the PPP loan were intended to be used for specific business-related expenses. The primary purpose was payroll support, including salaries, wages, and benefits for employees. However, businesses could also use the funds for rent, utilities, mortgage interest payments, and other operational costs.
Forgiveness: One of the most attractive features of the PPP was loan forgiveness. If businesses used the loan for the eligible expenses within a specified period (originally 8 weeks, later extended to 24 weeks) and maintained employee headcount and compensation levels, businesses could apply for forgiveness. Essentially, the loan would be turned into a grant.
Documentation for Forgiveness: To have the loan forgiven, businesses needed to provide documentation to your lender showing how you used the funds. This included payroll records, tax filings, and receipts for eligible expenses.
Interest and Terms: If any part of the loan wasn't forgiven, it would convert to a term loan with a low interest rate and a repayment period that could vary (initially 2 years, later extended to 5 years for loans made after June 5, 2020).
Features
Instant Access to Data
With the PPP Data Gold Mine, buyers can instantly access estimated revenue and EBITDA of over 11 million private businesses. This wealth of information is a game-changer for financial transparency and informed decision-making.
Geographic Precision
The tool allows buyers to find private businesses within a specific radius of their desired location. This geographic precision saves time and aligns with buyers' location preferences.
Competitive Edge
With the ability to find hundreds of businesses instantly, buyers using the PPP Data Gold Mine gain a significant advantage over competitors. Speed is of the essence, and this tool puts buyers in the fast lane.
Filter By Industry, Zip Code, Estimated Revenue, EBITDA, and more
The data provided through the PPP Data Gold Mine serves as a starting point for verification and due diligence. Buyers can search by company size, location, and more.
Consistent Deal Flow
For search funds, the PPP Data Gold Mine ensures a consistent and quality deal flow. It's a reliable source for generating leads, allowing funds to focus on analysis and acquisition.
The PPP Data Gold Mine is more than just a database—it's a strategic partner in your search for the ideal business acquisition. But don't just take our word for it. Experience the power of this tool for yourself.
