Buy and 3x a Project-Based Business in Just 2 Years
Acquiring Minds
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Challenges of Financing a Rapidly Growing Business
This chapter discusses the challenges of financing the acquisition of a rapidly growing business, as traditional banks typically base financing on previous year's numbers. The speakers share their experience in finding a bank that was willing to underwrite based on a more recent financial statement and tax return, allowing them to offer a fair price based on the current size of the business. They also discuss assessing the sustainability of the growth and convincing banks of the long-term trend.
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