Hey Cashflow crew!

For members looking to leverage debt financing for business deals, SBA lenders are undergoing changes in their practices. These changes primarily involve the implementation of stricter criteria for loan approval. The objective behind these changes is to mitigate risks and safeguard against potential defaults.

Consequently, borrowers seeking loans from SBA lenders may encounter heightened scrutiny and face the necessity of meeting more stringent standards. It is of utmost importance for borrowers to ensure they possess a robust credit history and financial stability when applying for SBA loans. Overall, these changes reflect a broader shift towards more cautious lending practices within the SBA lending industry.

• New Cashflow Playbook: The most recent playbook on Cashflowing With Water Toys - Boats and Marinas is live and available in your vault! You can also find the link here. After reviewing, what questions do you have? Drop them the Circle group or if you’re going to try this approach!
• Partnership Opportunity: Jordan is looking to find a partner with strong operating skills in the CO (broader Denver) area. He’s currently working to acquire my first business and plans to create a fund to buy small/medium businesses. Check out more details here!
• Hiring and Intake Process: Amber Acacio is wondering if the group has any templates for written job descriptions or operating procedures for hiring and onboarding new employees. Share your insights here!

• Virtual Networking: Raquel Rigby is ready to talk deals with you! She initiated an ongoing thread inviting members to have a weekly virtual networking session, which will be Thursdays at 5pm CST. It will be a casual meetup to get to know each other and discuss wins/struggles and do live deal reviews. RSVP here for the May 25th call!
• Medical Billing Deal Review: Denise Nieves is looking for feedback on 20 year-old small medical billing company that she submitted an LOI for. She also shared some numbers for the deal and would love your feedback. Help her out here!
• Transition Help: Chris has a well water service business under contract and he is working on the transition as the new owner. He’s wondering if the group can help with best practices to help successfully guide the team under his ownership and direction. Share your feedback here!

• May’s LA Meetup: Join Mike Kao and fellow Cashflow members on May 28th for the in-person monthly meetup in Los Angeles. RSVP here!
• June’s Austin Meetup: Join Justin Schoenfelder and fellow Cashflow members on June 4th for an in-person meetup with local beer and kolaches. RSVP here.​

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Stack cash and flow,

The Contrarian Cashflow Team

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