Listen "Innovate: Setting Yourself Up for a Business Loan"
Episode Synopsis
Jon Thompson, owner of 14 locations in Illinois as a part of Butitta Brothers Automotive, joins the show to discuss how a shop owner can obtain a business loan before acquiring another business.
He goes over how shops can find the right bank to partner with and the right documents that need to be prepared. Thompson also details how smaller or newer shops can work around a collateral shortfall.
He goes over how shops can find the right bank to partner with and the right documents that need to be prepared. Thompson also details how smaller or newer shops can work around a collateral shortfall.
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