Buying in a Huge but Overlooked Market
Update: 2024-12-05
Description
Register for the webinar:
- Where Searchers Go Wrong, Part 2 - Thu Dec 12 - https://bit.ly/41ivxUl
Fragmentation & an enormous TAM drew Jonathon Tupper to buy a 30-year-old business in the asset-based lending industry.
Topics in Jonathon’s interview:
- Moving from politics to investment management
- Importance of liquidity
- Factoring: a form of asset-based lending
- What kinds of businesses benefit from factoring
- Buying a factoring business
- Acquiring without an SBA loan
- Paying 2x EBITDA
- Competing with banks and other lenders
- Running a Houston business from Southern California
- Challenge of hiring good employees
References and how to contact Jonathon:
- Jobe Services Inc.
- jonathont@jsifactoring.com
Get a free review of your books & financial ops from System Six (a $500 value):
- Book a call with Tim or email hello@systemsix.com and mention Acquiring Minds
Get a complementary pre-acquisition HR & PEO review for your target business:
- Contact mark@aspenhr.com or visit Aspen HR
Get a complimentary IT audit of your target business:
- Email Nick Akers at nick@inzotechnologies.com, and tell him you’re a searcher
Connect with Acquiring Minds:
- See past + future interviews on the YouTube channel
- Connect with host Will Smith on LinkedIn
- Follow Will on Twitter
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