Lisa Forrest, a regular guest of ours given how often the SBA changes their rules, joins John for a fun episode.

We cover over 30 items on business acquisition loans (emphasis on SBA loans) with Lisa answering "Myth or Fact" for each one When there are nuances, she goes into detail. Some of the 30+ are:

1. All seller notes have a standby period
2. The buyer can use a HELOC for their down payment
3. Investors owning under 20% don’t have to personally guarantee the buyer’s loan (a few nuances here)
4. An SBA loan can have a claw back

She clarifies a lot of rumors, many of them myths, and anybody thinking of buying or selling a business (or advising clients on it) needs to listen to this.

John Martinka
Jessica Martinka

Contact us via either website or give us a call and be sure to check out our videos
https://nokomisadvisory.com/
https://www.martinkaconsulting.com/
https://www.youtube.com/c/JohnAMartinka/videos
425-515-4903

Monica Duggal is an entrepreneur who learned many lessons when she at first couldn't sell her business. One lesson was, get the business ready to sell from day one.

She stepped back and realized she had to:

• Get out of the day-to-day
• Put in systems
• Grow

Achieving the above she was able to make a successful and lucrative exit. As part of it, she goes over putting in golden handcuffs for her key people.

You can reach Monica at https://www.monicagarciaduggal.com/ and download a her free, Financial Bites Blueprint.

John Martinka
Jessica Martinka

Contact us via either website or give us a call and be sure to check out our videos
https://nokomisadvisory.com/
https://www.martinkaconsulting.com/
https://www.youtube.com/c/JohnAMartinka/videos
425-515-4903