“At MultiFunding, we recently learned that one of our primary SBA lenders, a community bank in California that we have worked with for more than five years, has tightened up its credit terms. What does this all mean? “

“I generally suggest that the amount should be for about 10 percent of your top-line sales, 85 percent of accounts receivable, or 50 percent of inventory, whichever is greater.”

“This helps the many sellers who are ready to pass the torch but not necessarily ready to retire. Sellers often welcome the idea of sticking around to lend support and have a role in the business even if they’re no longer in charge”.

“There is a third scenario that my prospective client hadn’t considered. I encouraged him to think about how he might invest his $1 million of liquid cash in his business if he were not investing it in real estate.”

“Life feels calmer than it did a few years ago. I am not sweating payroll every day. I can slow down on weekends. My office and team run fine - if not better - when I’m not around.

“Fixing our IT was always one of those priorities that kept getting kicked down the road. But I always knew that I would have no one to blame if we had a ransomware attack.”

“There is no reason for me to go into my email box anymore. I feel like I am in a combination of rehab and detox, but as time moves on, the temptation to go in and check is diminishing.”