Jun 1, 2021
It’s no secret that a lot of industries were severely impacted
by the pandemic. But how exactly did it affect bank financing for
owners and buyers of businesses? Domenic Rinaldi shares some handy
information for people who are interested in purchasing and selling
their business. He explains the need to understand how banks view
these deals and the different issues that come with them. Banks are
being cautious and are looking at a good track record, monthly
financial plans, and comparison between the current and pre-COVID
situation. Not only do businesses need improvement, but they also
need to be stabilized before banks accept a deal.
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