Leaving Corporate to Buy a $4m Manufacturer
Acquiring Minds
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Navigating Business Acquisition Challenges
This chapter explores the complex journey of acquiring a manufacturing business, including hurdles like lender withdrawal and the importance of fostering relationships with sellers. It provides insights into securing SBA loans, negotiating seller notes, and the critical role of brokers in the financing process. Additionally, the chapter emphasizes the emotional and financial burdens entrepreneurs face and the necessity of contingency planning in managing business finances.
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