Drilling Deep For A Better Business FoundationShare
An entrepreneurial couple founded a company that blasts through rock at building sites and soon afterward asked AGH for advice. With little start-up capital, the husband and wife team relied on investors to take out lines of credit on their behalf. In exchange for this risk, the investors received majority ownership of the company. AGH was able to connect the founders to a banker who obtained an SBA loan and a business line of credit for them. The new funding paid off most of the start-up debt and returned the majority ownership to the entrepreneurs. After only a few short years with AGH helping to navigate the journey, the founders now own 100 percent of their company.
Tagged In: Closely-Held Businesses