The Industrial CapitalistCapital & Finance
How industrial businesses are financed, valued, bought, and sold.
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What is a personal guarantee?
A personal guarantee puts the owner’s own assets behind the company’s debt. Why nearly every industrial loan requires one, what it covers, and how owners eventually get out from under it.
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Equipment financing and leasing, explained
Trucks, pumps, machine tools, and generators are rarely bought with cash. The difference between an equipment loan and a lease, what lenders look at, and what the fine print costs.
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What is an EBITDA multiple?
Industrial businesses are usually priced as a multiple of EBITDA. What the number means, what moves it up or down for a service company or shop, and why the add-backs matter.
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What is a seller note?
A seller note is the part of the purchase price the seller lends to the buyer. Why it appears in most small industrial deals, how it is structured, and what it signals.
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What is an SBA 7(a) loan?
The SBA 7(a) is the loan most small industrial businesses in America are bought and equipped with. How the guarantee works, what lenders look for, and where it fits.