---
title: "Betting on Yourself: The Self-Funded Transaction [PODCAST]"
description: Kevin Bibelhausen, Principal at Fruition Capital, joined host Joe Hellman, Partner at Redpath and Company, to discuss the “self-funded” transaction.
---

[Redpath Podcasts ](https://www.redpathcpas.com/podcast)

# [Betting on Yourself: The Self-Funded Transaction [PODCAST]](https://www.redpathcpas.com/podcast/betting-on-yourself-the-self-funded-transaction)

 Written by [Joe Hellman, CPA](https://www.redpathcpas.com/podcast/author/joe-hellman) | Jul 23, 2024

Kevin Bibelhausen, Principal at [Fruition Capital](https://fruitioncap.com/), joined host Joe Hellman, Partner at Redpath and Company, on The Transaction Abstract podcast. In this episode, Kevin and Joe discuss the “self-funded” transaction; what that means, what does a self-funded process look like, and why self-funding could be a viable option for business owners—or self-funded searchers—looking to acquire other businesses.

According to Bibelhausen, self-funding really means that the self-funded searcher doesn’t raise a salary. They pay for their own search, they incur all the costs of the deal, they have savings they most likely will need to live off of, and they have a job to maintain. Self-funded transactions are typically done with very little equity and a higher percentage of debt. Many times, the debt is financed through an SBA loan and associated programs.

LISTEN TO THE PODCAST:

 

This is a “bet on yourself” transaction with the self-funded searcher taking out a personal guaranteed loan. Through the transaction, the searcher becomes the owner—a majority owner—not just the CEO. The searcher may keep upwards of 80% of the business versus a minority share in a traditional transaction.

About Fruition Capital: Fruition Capital is a firm dedicated to working with entrepreneurs to acquire stable operating businesses as their owners retire. Kevin is also the Managing Partner of Black Sail Strategies, a private investment firm focused on acquiring SMBs in the Southeastern region of the US. For more information, visit [https://fruitioncap.com](https://fruitioncap.com). 

[View full post](https://www.redpathcpas.com/podcast/betting-on-yourself-the-self-funded-transaction)

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