Readiness is practical. Lenders — and sellers — look for three things: Capital, Capability, Commitment. 5 | How to Know You’re Ready Capital Have ≥10% of your target purchase price Commitment Expect a heavier
Capability Underwriting favors executives who’ve led P&Ls, improved processes, managed vendors, and built teams. Shape your résumé to mirror the operating realities of your target industry.
T Bank Insight We help buyers identify two to three operational quick wins they can implement immediately post-close — like pricing adjustments, vendor renegotiation, or better tracking.
calendar for the first 90– 180 days — whether you stay in your current role or shift to full-time ownership. Align with your household on time, income variability, and the personal guarantee.
liquid and separate, plus six months of personal living expenses so the business isn’t carrying you during transition.
Executive Spotlight VP Finance → IT Services Buyer
Action Checklist Park your equity injection in a dedicated account. Build a six‑month personal reserve. Update your résumé to highlight P&L, ops, and team leadership. Line up your CPA, attorney, and lender before you shop. Quick Summary When your cash, skills, and calendar align, underwriting — and closing — move faster. A VP of Finance evaluated five listings and submitted an LOI for a $4M IT services firm. She negotiated a 60-day part-time advisory agreement with her employer to ensure a smooth transition — a move that impressed the seller and satisfied the lender’s concern about time availability.
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For informational purposes only. Not legal, tax, or financial advice.
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