How 1 SBA Loan Brought Down 2 Businesses

no, yeah, for sure. It's, it was more challenging than I expected. I, I don't regret it. I don't, I don't wish I could go back.

I think I, I've learned a ton. I think my, my next pursuits will be better because of, of kind of my experience and I guess to close the loop on structure.

Yeah, yeah, exactly. So we are closing structure down because of that kind of same liability that we talked about. I think structure is very promising.

We have a great pipeline, great set of employees. Our initial plan for Structure was to invest. We were always going to invest the first two to three years for the growth, for the Efficiencies for what have you.

And without that investment, it's just not as peeling of an opportunity. And that investment, when Matthias and I talk about it, it went to lawyers in Dallas. It went to making some things right.

Like we ended up putting more money when we closed, we put in more money to make sure that all of the employees were paid. We didn't want anybody to have to go to bankruptcy court hearings to, you know, for their last check. So. Yeah, so it doesn't make financial sense for us anymore, I think especially with the, the potential, even if we wanted to put more money in, I think the looming idea of…

Is the Dallas bank going to say, no, that money actually should come to us. There's too much risk in, in continuing to run, to run it the way we are. So a few weeks ago, we, we decided that, that we're going to shut down structure as well.

We're doing things a little differently here since we have more planning. We're finishing out all of our projects so that, you know, everyone who's paid for something kind of is, is made whole. But yeah, we're, we're winding down and, and should be wrapping it up in the next few weeks, which.

Edgar, wait, so let me understand it.

Yeah.

So Dallas has, has brought, brought down Austin because the debt service of Dallas flows to Austin.