The Morning Blend: Insight to a Successful Business Transition

Buying or selling a business is no small feat. It takes preparation, research, and the right team of advisors. In today’s Morning Blend segment, we’re joined by Tom Meyer, Executive Vice President and Director of SBA Lending at Centrust Bank, along with two of his clients: John Edwards, the current owner of American Garage Builders, and Tony Young, the previous owner.

This segment dives into the real-world journey of transitioning a small business and how crucial financial guidance is during the process. Tom shares how both buyers and sellers benefit from expert support, especially when navigating funding options. In this case, an SBA loan played a key role in helping John purchase the business, giving him access to favorable terms and the flexibility needed to succeed.

Watch the full segment to see how the right partnership may be able to turn a complex transition into a smooth and successful journey.