A business that was given birth after the breadwinner in the family was laid off. To make ends meet, the breadwinner’s wife started cleaning houses. Because she was allergic to many of the chemicals that are commonly used in household cleaning supplies, she began to use organic cleaning supplies and then promoted her organic orientation on social media. The business exploded and then after building a highly successful business they decided to sell. To their surprise, even though they were making a lot of money and had sales and profit growth year after year, they couldn’t get an SBA loan approved.
A entrepreneur with multiple streams of income didn’t file their income taxes separately for each business and it cost them the ability to get their sale financed with an SBA loan. Find out why.
Linda Broom
Transworld Business Advisors
Dallas / Fort Worth Central, Texas
Visit Website
Send E-mail
The post Part Two – Linda Broom: Why a Business Growing By Leaps and Bounds Couldn’t Get an SBA Loan appeared first on Business Exit Stories.
How Focusing Too Much on Tax Avoidance Cost One Family Their Inheritance
How Valuing A Company’s IP And A Strategic Buyer Turned A $50M Valuation Into A $200M Sale.
Time Kills Deals
How One Business Covid-Proofed His Business Before Covid-19 Hit
How a $6M Unsolicited Offer Turned Into a $14.5M Sale In Eight Weeks
How Things Getting Personal Can Cost You Millions
How an Entrepreneur Took a Business from a $35M Offer Down to $2M in a Few Months and What You Can Learn From This.
Why a Manufacturing Business Was Able to Be Sold to a Strategic Buyer During the COVID Pandemic Lockdown
How Buyer and Seller Chemistry Created the Deal Dynamics where 1 + 1 = 3
How an Avoidable $35,000 Mistake Cost $2,000,000 Loss in Cash
Create your
podcast in
minutes
It is Free
The Commercial Edge: Unleash the Power of People
The emPOWERed Half Hour
NABOR® TALKS
U.S Property Podcast
Aligned Money Show
The Ramsey Show
Planet Money