Oct 15, 2020
In episode 303 of Financially Simple, Justin talks to Don Pippin of the Sunbelt Network about the Main Street Lending Program for Business Owners.
The Main Street Lending Program is a loan available to small and medium-sized businesses during the COVID-19 pandemic. In this episode, Justin and Don discuss what the MSLP is, who it's for, how it works, and the best use for the loan by business owners.
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00:47 - The Main Street Lending Program
05:02 - MSLP Overview
06:57 - The 4 Types of MSLP: New Program
10:34 - Priority Program
13:52 - Expanded Program
14:24 - Non-Profit Program
14:34 - Factoring in EBITDA
15:10 - MSLP Requirements
16:51 - What is the Best Use of the Loan?
19:02 - What Makes a Business Not Ready to Sell?
22:18 - Summary
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Justin A. Goodbread, CFP®, CEPA,
CVGA, is a nationally recognized financial planner, business
educator, wealth manager, author, speaker, and entrepreneur. He has
20+ years of experience teaching small business owners how to
start, buy, grow, and sell businesses. He is a multi-year recipient
of the Investopedia Top 100 Advisor and 2018 Exit Planning
Institute’s Exit Planner Leader of the Year.
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