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Innovate: Setting Yourself Up for a Business Loan

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Jon Thompson, owner of 14 locations in Illinois as a part of Butitta Brothers Automotive, joins the show to discuss how a shop owner can obtain a business loan before acquiring another business.

He’ll go over how shops can find the right bank to partner with, and the right documents that need to be prepared. For smaller shops or newer shop owners, Thompson details how they can work around a collateral shortfall.


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