Month: July 2024
Exploring Opportunities Through SBA Lending With Tara Murphy (Ep. 42)

Exploring Opportunities Through SBA Lending With Tara Murphy (Ep. 42)

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Many believe that SBA loans are only for startups or fraught with bureaucratic red tape.

However, this week’s guest, Tara Murphy debunks these myths, demonstrating the power of SBA lending in aiding successful business exits and transitions.

Join Mark Doman and Tara Murphy, SBA Business Development Officer and Vice President of Huntington National Bank as they delve into SBA lending. They unveil how they work, changes that have happened to the process, and how they can be a powerful tool in your exit planning strategy. Whether you’re contemplating selling your business or simply curious about the options available for a future transition, this episode is packed with insights and practical guidance to help you lead your business down the right path even after you leave.

Mark and Tara discuss: 

  • What SBA lending is and how it works
  • How business owners can leverage SBA loans for exit planning
  • The impact of careful succession planning on the value and saleability of a business
  • Common myths about SBA lending and how to utilize it effectively 
  • And more

Resources:

Connect with Mark Dorman: 

Connect with Tara Murphy:

About Our Guest: 

Tara Murphy is the SBA Business Development Officer and VP at Huntington National Bank with over 20 years in the finance industry. She possesses a strong focus on M&A financing and small business succession planning. Additionally, Tara brings years of experience in business expansion, commercial real estate, and debt consolidation to her role. She boasts a proven track record of success and harbors a deep passion for small businesses.

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Packing the Parachute: Navigating Exit and Succession Planning with Jim Erben (Ep. 41)

Packing the Parachute: Navigating Exit and Succession Planning with Jim Erben (Ep. 41)

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Are you ready to secure your legacy and ensure your business thrives beyond your exit?

In this enlightening episode, Mark Dorman is joined by Jim Erben, president of Erben Associates and a sought-after exit and succession planning specialist. Together, they delve into the crucial, yet often daunting, process of planning for business exit and succession. Tune in for invaluable strategies and actionable insights on how to prepare for a smooth transition.

Jim discusses: 

  • Why business valuation is a crucial starting point in planning your exit
  • The importance of aligning your business exit strategy with your personal wealth and estate planning
  • Keys to a successful executive retention plan
  • Contingency planning in case something unexpected happens to the business owner
  • What makes Erben Associates different from other firms
  • And more

Resources:

Connect with Mark Dorman: 

Connect with Jim Erben:

About Our Guest: 

Jim Erben is a highly sought-after exit and succession specialist, keynote speaker, and President at Erben Associates. Under his leadership, Erben Associates earned a spot multiple years running on the INC. 5000 list for one of the fastest-growing companies in the country and is a highly sought-after exit and succession planning firm. As an international speaker, Jim shares his 30+ years of experience with thousands of business leaders annually. He is well-known for his straightforward approach to succession or exit planning, business continuity, and executive retention.

A distinguished advisor to clients and organizations, Jim is one of 500 senior American business leaders representing the private sector in Business Executives for National Security, an invitation-only think tank to help our national security become more efficient and effective. Jim’s proprietary process helps business owners navigate the complexities of succession and exit planning to help create an everlasting legacy.

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