Operator-led acquisition program constrained by maxed-out SBA debt; pivoting to organic growth

Nathan describes growing through a series of acquisitions but having hit real balance-sheet and debt constraints - SBA capacity maxed out - so further acquisitions will slow in favor of organic growth, with conventional debt only opening up around $5M EBITDA.

“Balance sheet is only so big at this time. Availability of debt is only... We've maxed our SBA at the moment because of how we're structured and all that stuff.”

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