59 - Buying or Selling a Business in a Hot Market

On this #PoisedforExit episode we had the pleasure again of hosting Aleesha Webb, President of Village Bank. We talked a great deal about the times being ripe for acquisition! Whether you are looking to sell or buy a business, it's a great time to do it and Village Bank has the expertise and loan programs to help make it happen. Financing a business through the SBA can be one very smart way to make a deal work; specifically through SBA 7a loans and SBA 504 loans. Both are great options, but have different criteria. Right now, the SBA is offering to pay P & I payments for borrowers for 3 months on 7a loans, if you close by the end of September. Aleesha thinks that the program will come back in early 2022!She shared a couple of bank customer success stories that involved some savvy work by their Village team, along with some strategic growth and grit on the part of the customer, resulting in a flourishing business that's grown in spite of the 2020 pitfalls. Village Bank has a program called "Strong 21" where they feature 21 of their entrepreneurial customers sharing their stories of resilience and success through social media channels and other communications. Learn more about SBA financing and what Village Bank is up to by listening to the episode! Find Aleesha here and find Julie here.Thank you to this month's Sponsors! Village Bank, Sunbelt Business Advisors, and Baker Tilly. Connect with Julie Keyes, Keyestrategies LLCFounder, Consultant, Author, Pod-caster and Instructor