Equity Financing: From SBA Deals to Independent Sponsors

In September 2026, we hosted legal office hours on "Equity Financing: From SBA Deals to Independent Sponsors," where James David Williams and Bill Barlow walked through how equity is structured across SBA deals, independent sponsor deals, and the muddy middle in between. They covered common investor terms, the key economic and governance points buyers negotiate, how deal structure shapes investor rights, control, and returns, and what the new SBA rules mean for equity financing options.