06 Apr Village Wellth: Credit Committees and Getting Your Business Loan Approved
In this episode of The 7-Minute Takeover, we are breaking down the four main reasons deals get rejected and how you can prepare a bulletproof package to ensure smooth sailing.
Key takeaways from this episode:
Why credit committees are intentionally insulated from buyers to avoid “slick talkers”
How conservative views on normalized cash flow can slash your loan amount.
What lenders look for in your background and how to mitigate experience gaps
Why you need a plan for “hiccups” and the liquidity to cover debt servicing shortfalls
How earnouts and seller financing (VTBs) are viewed through a “worst-case scenario” lens
