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:

• LinkedIn

Work with an SBA loan team focused exclusively on helping entrepreneurs buy businesses:

• Pioneer Capital Advisory

Get complimentary due diligence on your acquisition's insurance & benefits program:

• Oberle Risk Strategies - Search Fund Team

Download the New CEO’s Guide to Human Resources from Aspen HR:

• From this page or contact [email protected]

Connect with Acquiring Minds:

• See past + future interviews on the YouTube channel
• Connect with host Will Smith on LinkedIn
• Follow Will on Twitter

Edited by Anton Rohozov and produced by Pam Cameron