Final Business Update… For Now!

This last Thursday, at 5:00 PM, was the final moment before my offer expired. At 5:40 I hadn’t heard anything at all. Not a word. So I called the broker and after one ring he sent me to voicemail. And then sent a text message saying he couldn’t talk at the moment. I guess at the time of my offer expiring he decided to schedule another meeting? Seemed odd to me but oh well. I just told him to give me a call later. Continue reading

Business Update

So in the last month we have had more progress! I’ve talked to three different banks. One of them turned me down pretty quickly, another seems to be still thinking about it, and the last one has give formal acceptance of the acquisition. Fortunately the last one is the bank I was hoping to work with most! Now, we still need to convince the Small Business Administration, but my loan officer will be handling most of that. And she’s worked with the SBA enough that she is confident there won’t be any problems.

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