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Financially Simple Bizcast


The Financially Simple podcast is your one-stop resource for small business owners. Gain unique insights into growing, refining, and selling businesses. You will hear ways business owners have reduced their tax liabilities, increased their income, improved office morale, saved for the retirement of their dreams, and more.
Host Justin Goodbread is a serial entrepreneur, award-winning CFP® (Certified Financial Planning professional), CEPA® (Certified Exit Planning Advisor), and CVGA® (Certified Value Growth Advisor) with years of experience guiding business owners from start to exit in their business.

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 is for, how it works, and the best use for the loan by business owners.

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TIME INDEX:

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

 

RESOURCES:

Financially Simple Educational Website

Financially Simple on YouTube

Financially Simple podcasts are recorded on a Blue Yeti Microphone & Samsung Notebook 9.

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NEW Book: The Ultimate Sale - A Financially Simple Guide to Selling Your Business for Maximum Profit

The Sunbelt Network

Don Pippin, LinkedIn

What is the MSLP, YouTube

MSLP, BostonFed

 

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BIO:

Host Justin Goodbread, Certified Financial Planner, Certified Exit Planning Advisor, Certified Value Growth Advisor. He is a serial entrepreneur, author, speaker, educator, Investopedia Top 100 advisor, and business strategist with over 20 years of experience. Justin owns Heritage Investors LLC, a registered investment adviser with the State of Tennessee. Heritage Investors only transacts business in states where it is properly registered or is excluded or exempted from registration requirements. This material is for general information only and is not intended to provide specific advice or recommendations for individuals. To determine what is appropriate for you, please consult a qualified professional. The Financially Simple podcast provides information, guidance, and support to Small Businesses in the United States.