Story Loans

Story Loans

A story-based podcast for entrepreneurs and small business owners. Listen to individual stories from folks who have gone through the SBA loan process to start, buy, or grow their business.

Episodes

September 11, 2024 39 mins
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On this very special episode of Story Loans, Ray travels to South Carolina to sit down with his borrowers, Angelina and Donnie Carper.

This is an incredible story of resilience. Although Angelina had an extensive background in construction, her journey to own her own construction company challenged her own competence.

From meeting on Bumble to navigating the intricacies of merging their professional and personal lives, the Carpers ...

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In this engaging episode of Story Loans' SMB Expert Series, host Ray welcomes Adam Wasch, founding partner of The Franchise Firm.

Adam shares insights into the franchising realm, detailing the complexities and strategies involved in starting a franchise, franchising an existing concept, and the intricacies of mergers and acquisitions.

Delve into the conversation where Adam sheds light on the emerging trends within the franchising i...

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David has a ton of information on his website: www.davidcbarnett.com 

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Let's talk about tax implications and strategies for small business acquisitions.

Well, in this episode of my SMB Expert series, I talk with Greg O'Brien about just that.

Greg O'Brien is the co-CEO and co-founder of Anomaly CPA, a firm specializing in accounting and financial services for startups, high-growth small businesses, and real estate investors.

With a background th...

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Value Proposition. Communication. Scheduling. Alright. I'm trying something new.

In this episode, I sit down with Sasha Crabtrey, president and founder of Remote COO. Sasha shares the intricacies of running a small to medium-sized business with efficiency and effectiveness. The is episode is packed with practical advice for entrepreneurs, emphasizing the evolution of remote work, time management, and best practices for scaling oper...

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Ray sits down with SMB owner/operator Nathan Lenahan to discuss his journey through 2 SBA 7a acquisition loans to acquire HVAC businesses.  Tune in to hear the story of a true leader and operator building an HVAC empire in DFW with 3 friends/partners.
 
Link to his LinkedIn: LinkedIn.com/in/nathanlenahan
Link to his twitter: @n8lenahan
 
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Sam Rosati joins us to share his SMB journey as a CPA, M&A Attorney, and Entrepreneur. Tune in to hear his story.

  • Following his father’s footsteps in M&A
  • Buying his first 2 SMBs 39 days apart 
  • SBA vs Conventional financing
  • Getting searchers together in person at SMB Bootcamps
  • The story behind SMB Law Group
  • Investing in SMBs 

 

For more information about SMB Law and SMB Bootcamp:

➡️ SMBash: https://smbash.com/

➡️ Search F...

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In this episode of Story Loans, Ray sits down with Russ Hadlock, Owner of The Autoglass Clinic & Mobile Radio. Russ acquired this business in November 2022 with the help of an SBA 7a Loan. 

Russ’s career began in sales until one day he had a true “ah-ha moment” and invented a product for Peloton owners that immediately took off and generated $4.5mm in revenue within 18 months.

He since exited that business and used his newly create...

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Bryan Swartz joins Ray to share his experience of using an SBA 7a loan to acquire a midwest-based small business that cleans operating rooms. Spoiler alert: there were some major hiccups along the way including his lender changing banks, his underwriter quiet-quitting, and a lender restructuring the deal 90+ days in. Tune in to hear how Bryan overcame obstacle after obstacle and got the deal closed.

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Michael Girdley is an entrepreneur who owns multiple businesses generating to the tune of 9 figures in combined revenue and over 600 employees within his Holding Company.  During Covid he took to twitter where his valuable insight has built himself a massive following, and now he’s out with a 5-step complete holding company course for holdco owners, business owners, and aspiring entrepreneurs who want to learn Michael’s approa...
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Ray sits down with Robbie Rapson, owner of Gold Coast Property Maintenance. Entrepreneurship is in Robbie's blood but his dreams did not come true without hard work and a little help from his mother-in-law. Tune in to hear his journey from being a young entrepreneur and son of 2 entrepreneurial parents in Scotland to successfully acquiring a landscaping business in South Florida. 
 
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Ray sits down with Rich Benet, Owner of GoKlean Products to discuss his SMB journey. With 2 acquisitions under his belt, Rich has a lot of juicy stories to share.
 
Tune in to hear about finding 67% customer concentration 3 days before closing, a 1 week delay in bank funding after signing the closing documents, employee turnover mid-transaction, breaches in confidentiality, and more.
 
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James Evans recently bought a landscaping business using a SBA 7a loan. Tune in to hear the story of James, a former “big 4” consultant, real estate investor, and now SMB operator. 
 
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Reid Rupp set out to acquire a business in early 2022 and ended up sealing the deal on a construction business in Austin, Texas in July thanks to the help of the SBA 7a loan program. In this episode, Reid recounts his story, which is one of opportunity, challenges, and in the end: resilience. 

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Jake Wakely set out to buy a business with an SBA loan and was put through the wringer by his lender. At the last minute, the lender pulled out, and he was left to scramble. He still closed, but not with an SBA loan. He decided to give the SBA program another chance on his 2nd acquisition. You’ll never guess what happened next…
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Zac Martin recently closed on an SBA loan to acquire an existing business similar to the one he already owns. 

In this episode, Zac shares his journey as a small business owner after stumbling upon a niche within the e-commerce space.

We also get into the financing aspect and break down the terms of his loans.

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September 30, 2022 4 mins

Ever wonder what the SBA loan process is like? Then you're in the right place. Here, Ray Drew, an SBA lender, will speak with entrepreneurs  and small business owners about their experience: the good, the bad, and the ugly.

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