About Shoeboxed

About Shoeboxed · January 6th, 2026

SBA Loan Down Payment: How I Bought a $1M+ Business for 5% Down (And A Warning)

Most people think you need hundreds of thousands in cash to buy a business. I bought Shoeboxed for 5% down using an SBA loan. Here's exactly how the deal worked—the seller financing, the standby note trick, and why the personal guarantee should terrify you. This is the real case study with a full breakdown of how I used an SBA loan to buy Shoeboxed.

Doug Breaker

Owner

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