In this episode, Domenic and Steve Lasiewicz discuss:

• SBA loans and the advantages
• Items that really matter to acquire a business
• Partner buyouts
• How to approach SBA loans; advice

Key Takeaways:

• When giving loans, the trends of the business, what knowledge is needed to operate that business and why is the seller selling the business are looked at closely
• The buyer needs to know and understand the business they are acquiring
• A detailed business plan with a detailed projection is key
• Experience in the industry is crucial in a lender
• Undercover Billionaire https://www.discovery.com/shows/undercover-billionaire

"Leverage used the correct way makes sense. It's what makes the wealthy, wealthier because they know how to use debt the correct way." — Steve Lasiewicz

Connect with Steve Lasiewicz:

Twitter: busey

Facebook: BuseyBank/

Website: busey.com

Phone: (630) 237-2605

Email: [email protected]

LinkedIn: busey/

Connect with Domenic Rinaldi:

Sun Acquisitions Website:www.sunacquisitions.com

M&A Unplugged Website:www.maunplugged.com

Email:[email protected]

Linkedin:

Domenic Rinaldi:https://www.linkedin.com/in/domenicrinaldi/

Sun Acquisitions:https://www.linkedin.com/company/sun-acquisitions-llc/

Facebook:

Sun Acquisitions:https://www.facebook.com/sunacquisitions/

M&A Unplugged:https://www.facebook.com/MAUnplugged/

Twitter:

@SunAcquisitionshttps://twitter.com/SunAcquisitions

@M_A_Unpluggedhttps://twitter.com/M_A_Unplugged

Instagram:

@sunacquisitionshttps://www.instagram.com/sunacquisitions/

@ma_unplugged_podcasthttps://www.instagram.com/ma_unplugged_podcast/

YouTube:

Sun Acquisitions:https://www.youtube.com/channel/UCm6H7kkMD6nnXFuHgqx9Ikg

Show notes by Podcastologist: Chelsea Taylor-Sturkie

Audio production by Turnkey Podcast Productions. You're the expert. Your podcast will prove it.