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

Small Biz Flash

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: [e-mail]
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 [e-mail] and let’s grow your business together!