“Eventually, this new business line could become more significant than our current business. At the same time, we are scared. I worry about our brand, reputation, and integrity. “

“Someone who bought a new business using his current business’s line of credit for the bulk of his funding thought he was making a smart decision and would only be paying the interest on the purchase.”

“It created a bottleneck that is restricting the flow of capital to small businesses. We’ve had quite a few clients affected by the new rules, and it’s clear that the application process has become slower and more cumbersome.”

“It’s crucial to consider any payments that don’t come in the form of cash at the closing table as a bonus. While the note or the equity may seem enticing, it’s important to remember that there is no guarantee the payment will ever come.”

“There are three key questions to ask: Who is your likely buyer? Does the expected valuation make sense for you? And how do you create the right support team to help you?”

“I recently advised a friend in the party and event business. Her business is historically slow in the first quarter. She has a great fear of debt, and although she has a line of credit, she has always been hesitant to tap it. As a result, she has had many sleepless nights.”

“Everything feels different. The bad stuff I used to eat no longer looks appetizing. When I feel tired, instead of hitting Starbucks, I make sure to get more sleep. And I can’t believe I am saying this, but I am starting to look forward to exercising.”