Founder and handling person in Upton Financial Group, an advisory company specializing in operation value methods and solutions.
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That didn’t prevent them from securing a SBA 7(a) loan from Exchange Bank in Santa Rosa, Calif., for a couple of million bucks to get a regional facilities upkeep company from the retiring owner in might 2014. The mortgage accounted for 55percent of this cost, which supplemented the 25% they raised from the investor that is private, plus the 20% they received in seller funding.
So just why did the financial institution bet on it? (more…)