SBA PLP National Lender. Business Owner since 2018 https://xitter.cf/t.co/LtvPHQNsfW Views expressed on this platform are my own.

Columbus, OH
Joined November 2023
How many times can you say the keynote speaker at a conference was actually worth it? Let alone life changing. This guy crushed it. @SMB_ash @mhp_guy
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Blessing and I in between sessions @SMB_ash
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Closed out the pipeline in March and working to fill it back up again. – at Salt Lake City, UT
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I’ve personally experienced this with the passing of my Mother last month. Everything in Sean’s post is 100% accurate. Everyone goes through it, no one talks about it. I had a LOT of people show up for me. I wasn’t expecting any of it, and I’ll never forget. I’ll be sure to pass it on and show up for others.
What I’ve learned about life, grief and friendship since my dad died 3 weeks ago. You won’t have hard feelings or anger towards the people who didn’t show up for you; but you’ll never, ever forget the ones that did. The best thing you can do for someone grieving is to take action. Send them something, buy them dinner (s/o @aussieflya ) or just show up at services or other times for them. No one grieving ever reaches out for help. Telling them “let me know if you need anything” doesn’t work because they’ll never ask. Take action and just do. I had a friend drive up from Chicago for my dad services, and I will never ever, ever forget that gesture. I saw people who were in my life 30 years ago who showed up because we shared a time and place and experience together. Was amazing. Life isn’t about your bank account. Now or in the future. It’s about experiences and relationships. I would have given away all my material possessions if it meant five more years with my dad. I imagine I’ll feel the same when it’s my time to go. I’ll be willing to give anything for more time with my wife and girls. That’s how horrible it felt in the moment watching my dad slip away. So many of the petty grievances, disagreements, or grudges you hold are really meaningless. When someone is dying, you realize how quickly all of that means nothing and you put them aside to be there for them. I have family members that I haven’t spoken to in years due to some disagreements, that I hugged and held hands with as my dad passed away. I feel like this experience has changed me. I don’t think I’ll ever be the same person I was. It feels like the first half of my life is officially over, and now the second half begins.
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New loan approval today for buyers to acquire a competing funeral home 17 miles away from their current location. $2.2M loan which includes working capital of $100k as well closing costs and SBA gty fee. This was a no money down business expansion transaction.
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Looked at a new deal yesterday. Roughly $4M management buyout of a home services biz. The numbers work, but one thing is sticking with me. Seller put a deferred comp plan in place a few years ago for a key employee. That liability currently is about $250K. Buyer is to take on said liability. My gut says the deferred comp that has accrued should be a credit to the purchase price. As a lender, should I care? Buyer seems fine with taking it on, and wants that employee to stick around. Am I overthinking this?
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I look at a few Darby orders every morning just to see what people are buying. Turns out yesterday we sold a tropical arrangement to Disney.🌴🤯❤️
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Been a busy past few weeks for us at United Midwest.
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Productive week so far. Closed $1.5M for a plumbing co acquisition with real estate, no cash down, seller note for 18% of the deal. Received approval for an insurance agency acquisition. $215k no money down. This is the 4th acquisition I’ve financed for the buyer.
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Yesterday a searcher asked me is this a good deal/investment after the seller raised the price. As a banker, I cannot say. Thats a question the buyer has to answer for themselves. All I can say is if you are qualified to borrow the money. As a buyer, I too have agonized over this question. I think the answer is at some point you have to trust in your gut, your abilities, your own work ethic, and your ability to make things happen.
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We had a productive January at UMWSB
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Loan Closed last week for a funeral home expansion. The second oldest firm purchased the oldest firm in their city. $1.1M included $110K for renovations. No money down.
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Nerding out on banking history at JP Morgan Library, last Friday, imagining the deals hammered out in this room. – at Manhattan, NY
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Retweeting for my own good and yours. These are foundational metrics and cannot be ignored.
3 KPIs all SMBs owners should track (if you want to make money):
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100% the Truth. Give it a listen. Also, I took the leap Because I believed in myself.
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Working on my own Core Values today for Darby Creek Trading at an EO event.
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Busy week for me at United Midwest: Closed $1.2M insurance agency acquisition for an individual new to the profession. No cash down. Equity injection was from a 24 month full standby seller note. After many years in the elder care industry in various roles, our borrower was looking for an opportunity to be his own boss and have unlimited earning potential. Received Approvals on: $789K insurance agency acquisition. Borrower is a Wealth Management professional at a large Bank that wants to be his own boss. 5% cash down plus a 24 month full standby seller note. $1.45M Commercial Cleaning Biz Acquisition. Borrower is a Marine Veteran and former NYPD officer. 9% cash down plus a 24 month full standby seller note. Applications for new business acquisitions continue to come in. Lots of deals happening out there. 🚀
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