“Holman and Anderson get a loan of $300,000, or the equivalent of $3.4 million today.”

Business Wars · Big Beef: The War on Your Wallet | A Bloody Business

Play from 10:21
10:21

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What was described

secured a $300,000 SBA loan (equivalent to $3.4 million today) to start the plant

$300,000; $3.4 million today

Said nearby on the same subject

“They can help unlock up to $3 million of conventional debt on top of the $5 million limit of SBA 7A loans.”
♫
Said on Acquiring Minds
Business model $3 M extra debt; $5 M SBA limit Share this moment
“They have created with AI tools, the equivalent of 300,000 workers”
♫
Said on GOOD MORNING L&D
Hard number 300,000 workers equivalent Share this moment
“So what we do is we abandon the assets to the SBA and they never come pick them up. And I have a number of clients running a new business and using the assets that are secured to the SBA, which eventually security interest after five years, if it doesn't get renewed, and they don't often do it, expires.”
BL
Barry Levine
Leadership In Law: Growth & Leadership for Law Firm Owners ·
Why it worked 5 years Share this moment
“In August, Jeff closed on the remaining two-thirds with an SBA loan.”
JT
Jeff Thompson
Acquiring Minds ·
Why it worked Share this moment

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