The Power of Business Brokerages and SBA Loans with Jessica Fialkovich
If you’re a business broker or the buyer or seller of a business, you know that the only way a deal gets done is if there's money available to make it happen. When financing a business acquisition, you need cash (your own money), a loan, and equity.
We will discuss these things in detail as we speak with my favorite business broker Jessica Fialkovich. She understands the ins and outs of buying a business with no money down.
We're also going to crush a common misconception that business brokers are wicked and out to stop a deal from happening. Jessica is here to make you believe in the power of business brokerages. She also delves into the significant changes in the SBA Loans Program.
If you're interested in buying or selling a business, join us in today's episode of SMART Businesses Do THIS!
About the Guest:
Jessica Fialkovich is an award-winning business owner and an expert in mergers and acquisitions. She is the founder of Exit Factor and the co-owner of Transworld Business Advisors, the world leader in the marketing and sales of businesses, mergers and acquisitions, and franchises.
“SBA is a really cool program that we have in the US. It's very unique to our economy. If you think about it, it's great because it removes the risk for the banks.”
- Jessica Fialkovich
In This Episode:
- Why I'm a huge fan of growth through acquisition and the two ways to buy a business
- What is an SBA loan? Who can get one, and how? What is the change?
- What is the cost of hiring a broker, and what value do they bring to a deal?
- Why seller financing or SBA loan is better than using your own money when buying a business
- What can go wrong with mergers and acquisitions, and how do you resolve it?
- How much is the average selling price for a business? Factors to consider when pricing your business
- What SMART Businesses should do according to Jessica
And much more…
Resources:
- Join the Epic Network Mastermind - https://epicnetwork.com/
- BizBuySell Insight Report - https://www.bizbuysell.com/insight-report/
Connect with Jessica Fialkovich:
- Website - https://www.tworld.com/locations/dallasfortworthcentral/
- Facebook - https://web.facebook.com/jfialkovich
- Instagram - https://www.instagram.com/jessicafialkovich/
- LinkedIn - https://www.linkedin.com/in/jessicafialkovich/
Connect with Adam Lyons:
- Website - https://thesmartblueprint.com/
- LinkedIn - https://www.linkedin.com/in/theadamlyons/
- Facebook - https://www.facebook.com/TheAdamLyons/
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