Buying in a Huge but Overlooked Market
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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…
The skinny
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