video1.0<iframe src="https://www.loom.com/embed/597470275a6d45c68b0dc33daf8a38eb" frameborder="0" width="1920" height="1440" webkitallowfullscreen mozallowfullscreen allowfullscreen></iframe>14401920Loomhttps://www.loom.com14401920https://cdn.loom.com/sessions/thumbnails/597470275a6d45c68b0dc33daf8a38eb-00001.gif502.68In this video, I discuss the topic of deposits in SMB acquisitions, particularly when dealing with business brokers. I explain why putting a deposit down with a letter of intent is not advisable for searchers, as letters of intent are primarily non-binding. I also highlight the risks associated with using template purchase agreements that include deposits and the lack of customization they offer. Additionally, I address the potential consequences of losing a significant deposit and provide alternative approaches to mitigate this risk.