3-12-24 - How to Buyout Your Competition Using an SBA Loan

FEATURE

Small business owners, have you ever considered buying out a competitor to expand your own company’s capabilities and customer base?  On today’s show, we’ll talk with a lending expert about how you can finance a business acquisition at up to 100% of the purchase price using an SBA loan.

Today’s guest is Laurence Leopold, SBA Senior Business Development Officer at IncredibleBank:
Laurence’s email:  lleopold@incrediblebank.com
Laurence’s LinkedIn page:  https://www.linkedin.com/in/laurence-leopold-4496342/IncredibleBank web page:  https://www.incrediblebank.com/

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NEWS ROUNDUP

1 - Judge finds Beneficial Ownership Information unconstitutional, but ruling only applies to some businesses
https://www.natlawreview.com/article/district-court-declares-corporate-transparency-act-unconstitutional

2 - Small businesses start to see some relief in the labor market
https://www.nfib.com/content/press-release/economy/nfib-jobs-report-small-business-employment-slows/

3 - Vast majority of small firms report financial and operational challenges
https://www.fedsmallbusiness.org/reports/survey/2024/2024-report-on-employer-firms

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This podcast is sponsored by SBS Accounting & Advisors.  Use the promo code FLASH and get 20% off your set up fee!  Go to https://sbsaccountants.com/ today to set up a free 30-minute consultation.

👀 Watch on YouTube:  https://www.youtube.com/channel/UCmFHZqDGRbOHXjhpicWuqhg.

📧 Do you want to grow your business?  I help small business owners succeed with strategy, marketing, and operations.  Email me today at adam@smallbizflash.com and let’s grow your business together!