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 familyAustin-only geographic search Found partner through SearchfunderFirst deal: Austin landscaping companyBuying a second business within 6 monthsMaking quick changes to the businessUndisclosed liabilities and customer-stealing employeesClosing both businesses and facing bankruptcyReferences and how to contact Edgar:LinkedInWork with an SBA loan team focused exclusively on helping entrepreneurs buy businesses:Pioneer Capital AdvisoryGet complimentary due diligence on your acquisition's insurance & benefits program:Oberle Risk Strategies - Search Fund TeamDownload the New CEO’s Guide to Human Resources from Aspen HR:From this page or contact jenny@aspenhr.comConnect with Acquiring Minds:See past + future interviews on the YouTube channelConnect with host Will Smith on LinkedInFollow Will on TwitterEdited by Anton Rohozov and produced by Pam Cameron
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