The Front Lines of a Crisis
Acquiring Minds
00:00
Navigating Financial Turbulence in the Autoglass Industry
The chapter delves into the financial challenges faced by the speaker's autoglass business, including the impact of a slowdown on customer spending behavior and revenue fluctuation in 2023. It explores the process of seeking loan modifications from the Small Business Administration (SBA) lender and the considerations of reamortizing a loan over a longer term. The discussion revolves around strategic financial decisions, including potential consolidation of the business under one roof, to ensure sustainability during a period of reduced sales.
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