How 1 SBA Loan Brought Down 2 Businesses
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How 1 SBA Loan Brought Down 2 Businesses
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Narrated by:
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Written by:
Edgar Galindo and his partner bought 2 businesses with SBA loans. Now he's facing the consequences of shuttering both.
Topics in Edgar’s interview:
- Construction background in his family business
- “Google-funded search”
- Wanted flexibility to start a family
- Austin-only geographic search
- Found partner through Searchfunder
- First deal: Austin landscaping company
- Buying a second business within 6 months
- Making quick changes to the business
- Undisclosed liabilities and customer-stealing employees
- Closing both businesses and facing bankruptcy
References and how to contact Edgar:
Work with an SBA loan team focused exclusively on helping entrepreneurs buy businesses:
- Pioneer Capital Advisory
Get complimentary due diligence on your acquisition's insurance & benefits program:
- Oberle Risk Strategies - Search Fund Team
Download the New CEO’s Guide to Human Resources from Aspen HR:
- From this page or contact jenny@aspenhr.com
Connect with Acquiring Minds:
- See past + future interviews on the YouTube channel
- Connect with host Will Smith on LinkedIn
- Follow Will on Twitter
Edited by Anton Rohozov and produced by Pam Cameron
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