If basic financial statements aren’t understood, poor decisions about when and what to borrow can happen.
We can talk about reasonable debt levels and when, how much and for what to borrow.
Years ago a guy told me that the best way to have a short winter is to sign a note in the fall that comes due in the spring. Pretty true.
Borrowing is complicated. With so many years of looking at and working with loan documents I can probably help you figure yours out.
We can talk about reasonable debt levels and when, how much and for what to borrow.
Years ago a guy told me that the best way to have a short winter is to sign a note in the fall that comes due in the spring. Pretty true.
Borrowing is complicated. With so many years of looking at and working with loan documents I can probably help you figure yours out.
Case Study
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A company was in a specialty manufacturing business. There were a lot of problems not the least of which was a completely eroded relationship with their lender. Selling the business, which had some substantial real estate was the only way to get out of the situation.
The owners decided to retire. I ultimately sold the business for $250,000 more than the best offer the owners had received. |
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