Welcome to Evermark’s Insights

Why Most SMB Financials Are “Technically Accurate but Operationally Misleading”

INFORMATION ASYMMETRY IN SMB M&A: WHY BUYERS AND SELLERS PRICE THE SAME BUSINESS DIFFERENTLY

Why buyers and sellers price the same business differently—and how disciplined acquirers close the gap before signing an LOI

Owner-Dependency: The Operational Risk Buyers Consistently Misprice

The Hidden Cost Drivers Behind Small Business Valuations: A Framework Buyers Overlook

Why two businesses with the same $800K Seller’s Discretionary Earnings (SDE) can be worth 2.5× vs. 4.0×—and what most buyers miss.

Breaking the SBA Ceiling: How Pari Passu Lending Expands the Capital Stack for SMB Buyers

SBA 7(a) loans cap at $5 million per borrower. For acquisitions above that threshold, a small but specialized group of "pari passu" lenders is redefining how sub-$10M deals get financed—and unlocking new growth potential for SMB buyers.