The personal guarantee has long been a non starter for certain searchers who would otherwise jump at the opportunity to buy. A business with an SBA loan. And in many cases such searchers are higher net worth, older, more seasoned and so actually pretty well qualified to succeed at business ownership.
Acquiring Minds
How to De-Risk the Personal Guarantee
Excerpts · 257 segments · ~1:10:41 long
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But the prospect of losing their assets, their home and is just too much risk to accept. Understandably well. Today's guests have launched an insurance product to help mitigate this risk.
Personal Guarantee Insurance or pgi. Brendan Burdett and Ryan Connor have founded Braddock Road Insurance Corporation, or bric, to bring PGI to the SBA business buyer market. And they're not alone.
Another startup is due to launch their PGI product in the months ahead. And by the way, this isn't pie in the sky. PGI already exists in the UK and other markets, so watch this space.
If PGI takes off here, the effect on our market could be dramatic and could finally enable those of you who would stay on the sidelines to get in the game. Here are Ryan Connor and Brendan Burdett, founders of Brick. As a searcher, you know it's a numbers game, and part of winning that game is being able to quickly evaluate acquisition opportunities before wasting time on deals that will never…
Daniel Duran from Acquisition Lab Capital has scored hundreds of SMB deals using a proprietary 22 dimension rubric covering business quality, deal structure and buyer fit. And in a WEBINAR this Thursday, June 11, he'll walk us through exactly how Acquisition Lab Capital evaluates a deal from first look to investment committee decision, and show you how to apply the same lens to the deals sitting…
You'll leave with a clear, repeatable system for separating the deals worth pursuing from the ones that will drain your time, money and attention. The webinar is Score it or Skip a Framework for Fast Deal Evaluation and it is this Thursday, June 11th at noon Eastern. Link to register is right at the top of this episode's show Notes or on the Acquiring Minds homepage.
Acquiringminds Cool Foreign. Welcome to Acquiring Minds, a podcast about buying businesses. My name is Will Smith.
Acquiring an existing business is an awesome opportunity for many entrepreneurs and on this podcast I talk to the people who do it. If you ask owners in the ETA and search community which insurance broker provides highest quality work, great outcomes and and has a practice dedicated to searchers and acquisition entrepreneurs. One name comes up again and again.
Oberle Oberle Risk Strategies has worked with hundreds of searchers over nearly a decade and is in fact led by a two time successful searcher August Felker, which makes Oberle, a specialty insurance brokerage for searchers by a former searcher. And if you've got a business under Loi, Oberle will provide complimentary due diligence on that business's insurance and benefits program. An easy, no…
To know August and the team at Oberle. To take advantage, check out oberle-risk.com that's O B E R L E- risk.com link in the notes. Brendan Burdette Ryan Conner welcome to Acquiring Minds.
Thank you Will for having us. We're really excited to talk to you about us.
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