Della Kirkman, CPA Della Kirkman, CPA

SBA Loan Basics Part II

  • SBA supports growth through acquisition!

  • NAICS Codes.

  • Having multiple SBA loans.

  • Family ownership.

  • Business/Real Estate combos.

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Della Kirkman, CPA Della Kirkman, CPA

SBA Loan Basics with Shannon Hay

  • Meet Shannon Hay of UMSB.

  • SBA 7(a) program basics.

  • Prepayment, working capital, project costs.

  • Special option for internal (employee) buyout.

  • Sellers as business partners.

  • Buyers with home equity.

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Della Kirkman, CPA Della Kirkman, CPA

Finding Businesses for Sale

  • Is there a list?

  • Investment Thesis.

  • Sector agnostic.

  • On-market vs off-market.

  • Swipe right, swipe left.

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Della Kirkman, CPA Della Kirkman, CPA

Finding Your T-Spot!

  • 3 questions to ask yourself.

  • Free T-Spot checklists.

  • 5 Core areas of transition planning.

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Della Kirkman, CPA Della Kirkman, CPA

The Point of No Return

  • Purchase Agreement Q&A session.

  • With Margaret Salinas of Chuhak & Tecson law firm.

  • Who writes it?

  • When to start?

  • All the parts.

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Della Kirkman, CPA Della Kirkman, CPA

SmallDeals = HugeGains

  • Ignore the big boy mantras.

  • Buying a job is a great step to success.

  • You're not married to the business.

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Della Kirkman, CPA Della Kirkman, CPA

Connections-->

  • Overnight success takes time and effort.

  • Start collecting snowflakes. (Not that kind!)

  • Momentum builds from activity, not stagnation.

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Della Kirkman, CPA Della Kirkman, CPA

Step #1 to Buying a Small Business

  • Know thyself.

  • Developing your personal Investment Thesis.

  • The Kirkman 4 K approach.

  • Bizbuysell.com, the Tinder of business buying.

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Della Kirkman, CPA Della Kirkman, CPA

Your Balance Sheet

  • The Balance Sheet shows a snapshot of your company at one point in time.

  • BS accounts never start over. They have a life just as long as the company itself.

  • A negative Retained Earnings doesn't always indicate a bad biz.

  • Sample BS provided.

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