Don Pippin- The Main Street Lending Program

In episode 303 of Financially Simple, Justin talks to Don Pippin of the Sunbelt Network about the Main Street Lending Program for Business Owners.

The Main Street Lending Program is a loan available to small and medium-sized businesses during the COVID-19 pandemic. In this episode, Justin and Don discuss what the MSLP is, who it's for, how it works, and the best use for the loan by business owners.

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TIME INDEX:

00:47 - The Main Street Lending Program

05:02 - MSLP Overview

06:57 - The 4 Types of MSLP: New Program

10:34 - Priority Program

13:52 - Expanded Program

14:24 - Non-Profit Program

14:34 - Factoring in EBITDA

15:10 - MSLP Requirements

16:51 - What is the Best Use of the Loan?

19:02 - What Makes a Business Not Ready to Sell?

22:18 - Summary

 

RESOURCES:

Financially Simple Educational Website

Financially Simple on YouTube

Subscribe to the Financially Simple Newsletter

Ask Justin a Question

NEW Book: The Ultimate Sale - A Financially Simple Guide to Selling Your Business for Maximum Profit

The Sunbelt Network

Don Pippin, LinkedIn

What is the MSLP, YouTube

MSLP, BostonFed

 

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BIO:

Justin A. Goodbread, CFP®, CEPA, CVGA, is a nationally recognized financial planner, business educator, wealth manager, author, speaker, and entrepreneur. He has 20+ years of experience teaching small business owners how to start, buy, grow, and sell businesses. He is a multi-year recipient of the Investopedia Top 100 Advisor and 2018 Exit Planning Institute’s Exit Planner Leader of the Year.

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