High Level Credit Game - 00:00 Introduction to Business Acquisitions and Credit Lines 00:48 Leveraging Previous Ownership's Financials 02:00 Working Capital Needs Post-Acquisition 03:19 Securing Funding with Transaction Data 03:50 Conclusion and Key Takeaways
The video discusses the often-overlooked strategy of using the previous business owner's financial information to secure lines of credit and working capital when acquiring a business. The speaker recently discovered from their banker that tax returns and other financial documents from the previous ownership can be used to obtain funding. This strategy not only applies to SBA loans but also to unsecured lines of credit. The speaker shares personal success in securing five figures in working capital less than 90 days after acquisition using this method, highlighting it as a game-changer for business buyers. Additionally, third-party marketplaces can be leveraged for funding based on transaction data, irrespective of ownership changes.
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By: Credit Plug Title: Brilliant! Inherit a Line of Credit WITHOUT Showing Bank Statements (NEW 2026 Approval Hack!) Sourced From: www.youtube.com/watch?v=8-M93ltsXCY
