How 1 SBA Loan Brought Down 2 Businesses
Edgar Galindo and his partner bought 2 businesses with SBA loans. Now he's facing the consequences of shuttering both.
Topics in Edgar’s interview:
Construction background in his family business
“Google-funded search”
Wanted flexibility to start a family
Austin-only geographic search
Found partner through Searchfunder
First deal: Austin landscaping company
Buying a second business within 6 months
Making quick changes to the business
Undisclosed liabilities and customer-stealing employees
Closing both businesses and facing bankruptcy
References and how to contact Edgar:
Work with an…
The skinny
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