Stephen Speer is the Founder and CEO of eCommerce Lending and Focal Point Lending. He has over 28 years of experience in the e-commerce lending space and is an expert in facilitating financial needs for entrepreneurs. His previous role as a lender in various financial institutions and his role as the Vice President for BankUnited Small Business Finance helped him acquire valuable acquisition tools. 

He graduated from the University of San Diego in Business Administration. Stephen resides in Florida with his wife and children and enjoys watching Formula 1 racing. 

How can you present your business to potential buyers to achieve the greatest exit? As an entrepreneur, is there a way to navigate the loan process?

Let’s cut to the chase: the more buyers you have competing, the higher your exit will be. However, many entrepreneurs enter the exit of their business unaware of the potential for greater returns. Stephen Speer recommends you prepare your business by aligning your finances through verifying and using an e-commerce bookkeeper and prequalifying for an SBA loan. Stephen knows that as an entrepreneur, having the patience to grow and scale your brand can build up a greater financial exit — a few months can lead to a more significant increase.

In this episode of the Quiet Light Podcast, Joe Valley and Chris Wozniak sit down with Stephen Speer, Founder and CEO of eCommerce Lending, to discuss the best practices for preparing for an SBA loan process. Stephen discusses how to avoid common mistakes when preparing for your eventual exit, the importance of regulating financial documents, and how to streamline your exit. Stay tuned!