SBA Tools for Family Businesses

Catalytic Conversations

Listen to Dennis Wagner, SBA Lender for Atlantic Capital Bank, to discover financial tools for family businesses.

We know that many family businesses run short on cash. We don’t know how much more it costs family businesses when they don’t include the SBA as an option. There are reasons to take a look at the SBA. They have 3 tools to offer that may prove to be handy for your family:

1. Loan to acquire a business that has a lack of collateral ( a service firm, etc.)
   
2. If there is a real estate transaction on the table- buying another building, building a new building, then explore the Rent Replacement Program.
   
3. Total partner buyout assistance - this can be a huge help to family businesses in which the next generation needs to buy out family members, but don’t have the capital to do so.
   

Something that may surprise you, Dennis isn’t limited to doing business in Virginia. He can become part of your team of outside advisors. This is especially valuable if you include him prior to signing a letter of intent (LOI) to purchase a business.

So, if you’d like to learn more about those 3 tools, give Dennis a call. Research tells us that having 3 options can increase our chances of making a good decision by 80%. To contact Dennis, email him at [e-mail], or give him a call at 540-850-7799 ©.

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