In this episode, Bernard Surovsky and Larry Kriesmer welcome Ami Kassar, the founder of Multi Funding and author of "The Growth Dilemma." They discuss the importance of funding expertise for registered investment advisors (RIAs) and their clients, particularly in the context of acquisitions and mergers in the RIA space. Ami shares insights on alternative debt market options and the benefits of Small Business Administration (SBA) loans for business acquisitions. The conversation also covers the appraisal process, finding the right bank for financing needs, risk profiles in entrepreneurship, personal guarantees, and the dangers of high-interest loans.

Ami Kassar, founder and CEO of MultiFunding and author of The Growth Dilemma, has earned a national reputation as a thought leader in business finance. An in-demand speaker and trusted advisor to growth-focused business leaders, Ami has helped thousands of business owners achieve ambitious growth goals through creative and personalized funding solutions. His work has helped create tens of thousands of jobs. For more than 20 years, Ami has challenged executives to think differently about how they capitalize growth. Regularly featured in national media including The New York Times, Huffington Post, The Wall Street Journal, Entrepreneur, Forbes and Fox Business News, Ami also wrote a weekly column for Inc. Magazine. He has advised the White House, the Federal Reserve Bank and the Treasury Department on credit markets. Ami regularly speaks at corporate, academic and industry events on topics including entrepreneurship and access to capital.

What you’ll learn about in this episode:

·      SBA loans offer an attractive option for entrepreneurs looking to finance business acquisitions, with low down payments and extended loan terms, making them a powerful tool for growth.

·      Having a well-crafted business plan and a clear strategy for fund utilization is essential for successful borrowing, especially in the context of complex financial deals.

·      Why the right financial institution is crucial, as different banks have varying credit boxes and products.

·      How businesses vary in their risk profiles and aspirations, and it's essential to define how big you want your business to be and how much risk you're willing to take for successful growth.

·      Personal guarantees play a critical role in securing business loans, and entrepreneurs should be cautious about high-interest, short-term loans that can lead to debt traps.

Guest Resources:

https://www.multifunding.com/

Measured Risk Portfolios Resources:

https://www.measuredriskportfolios.com

https://www.linkedin.com/company/measured-risk-portfolios/

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