INTERVIEW ON THE PRICE OF BUSINESS SHOW, MEDIA PARTNER OF THIS SITE.
Recently Kevin Price, Host of the nationally syndicated Price of Business Show, interviewed Gene Townley.
The Gene Townley Commentaries
On a recent Price of Business show, Host Kevin Price interviewed Gene Townley.
The SBA has implemented strict new standards for business acquisitions to ensure buyers are legally and operationally ready on day one. For any change-of-ownership loan, lenders must now verify that the buyer personally holds all state and local licenses required to run the specific business before the loan is finalized. This move eliminates the period of transition or “grace” sometimes expected during a handoff.
Furthermore, the SBA is actively disqualifying deals involving “passive” ownership. If a buyer lacks the professional credentials required for a regulated industry—such as medicine, law, or engineering—they can no longer bypass this by hiring a licensed manager to handle the technical side. Under these new enforcement priorities, such arrangements may result in the company being labeled an “ineligible passive company.” This change effectively bars unqualified investors from using SBA backings to acquire specialized professional firms, requiring the borrower to be the primary, licensed operator of the enterprise.
Gene has been self employed all his life and has owned over 20 businesses with his wife of 26 years, Wyndee, in numerous industries. They have built several businesses that they sold and are therefore very familiar with the seller’s experience and what to expect. In this same 30 years of entrepreneurial experience they have bought numerous businesses and can help buyers through the process and emotions with ease. In negotiating a sale or purchase it is a “give and take” where both the seller and the buyer have their needs met. Gene has over 15 years in the business to business marketing and sales which has allowed him to experience and understand most industries.
Learn more at https://dynamitebrokers.com/broker/gene-townley/
Connect with Gene on social media:
