Tuesday, April 14, 2009

We're whooping it up in Iowa!

Could you hear it? We're through the first phase in purchasing a local business. We made an offer yesterday & they called tonight and accepted. Can't say what it is yet. Time to gather 101 documents to turn over to the bank, CPA & attorney in hopes of a SBA loan. Kudos to Eric for his hard work & (very) detailed spread sheets. Did I say detailed? The owners, the bank & their attorneys thought it demonstrated his thorough understanding of the business & his good business sense. The banker declared it a good deal for them & for us. Now keep those prayers a-coming as we move to the next phase. (Or if someone has a family farm... that's how bankers in Iowa think. Any herds of cattle? No?)

1 comment:

southern belle said...

Congratulations!!! I know it will be a success!!! love you! Sue