Hello, I'm looking to purchase several smaller home services businesses in the next 2 years to pull together under one umbrella and offset seasonality. Does anyone have experience with this type of process with SBA loans? I'm new to business purchases, just coming out of corporate America, although I've run real estate investment business and consulting LLCs. I'm planning to utilize SBA for each purchase, and I think I'll be able to leverage cashflow/equity from one to the next, however as I'm trying to model it out I figured I'd see if others have any advice on this plan.
Thanks!
Matt
Multiple SBA Loans in 2 years?
by a searcher from Carnegie Mellon University
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Very few people understand (including me!) how hard it is going to be to keep everyone happy all the time in a business of normal complexity. My trick was to bake in a 'new operator' multiple into each quarter that slowly goes down a bit every year until it hits zero in 2.5 years.
Hopefully that makes sense!