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Acquiring Minds

Buying in a Huge but Overlooked Market

81 min • 5 december 2024

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Fragmentation & an enormous TAM drew Jonathon Tupper to buy a 30-year-old business in the asset-based lending industry.

Topics in Jonathon’s interview:

  • Moving from politics to investment management
  • Importance of liquidity
  • Factoring: a form of asset-based lending
  • What kinds of businesses benefit from factoring
  • Buying a factoring business
  • Acquiring without an SBA loan
  • Paying 2x EBITDA
  • Competing with banks and other lenders
  • Running a Houston business from Southern California
  • Challenge of hiring good employees

References and how to contact Jonathon:

Get a free review of your books & financial ops from System Six (a $500 value):

Get a complementary pre-acquisition HR & PEO review for your target business:

Get a complimentary IT audit of your target business:

Connect with Acquiring Minds:

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