Andy and JT welcome you to another episode of The Deal Board Podcast. This week, they are discussing all things interest rates. In this episode, you'll hear about the importance of keeping interest rates reasonable, how they have evolved over the last 50 years or so, what they want from global interest rate makers, and more! We delve into the negative impact high interest rates have on businesses before hearing a little bit about Andy and JT's personal experiences with interest rates. Finally, Andy and JT remind us why now is still a great time to borrow money. Thanks for tuning in!
Listing of the Week:
Sam Curcio from Transworld Business Advisors, NY, has a great manufacturing business for sale in Brooklyn. It's been around for over 20 years, they work with great Fortune 500 clients, and the seller is looking to retire. They're doing over $6.5 million in revenue, and there is already a ton of interest in the business. For more information, call Sam at (646) 470-9433 or email him at scurcio@tworld.com.
Deal of the Week:
Bob and Caroline Kelliher from Transworld Business Advisors, Western and Central Washington, recently sold a plumbing HVAC company with cash and seller financing. There were a few challenges with this sale as the seller was quite erratic and eventually ended up in prison, but after some struggles, they managed to sell. For more information, call Caroline at (425) 531-0042 or Bob at (509) 558-7150 or email Bob at bkelliher@tworld.com or Caroline at ckelliher@tworld.com.
Key Takeaways From This Episode:
[00:00] Overview: interest rates and keeping them reasonable.
[01:50] A brief history of our recent interest rate changes.
[07:59] Our big plea to interest rate makers of the world.
[13:59] What happens when interest rates get too high for businesses.
[18:16] Closing remarks from Andy and JT.
[22:59] Deal of the Week: Bob and Caroline Kelliher (Transworld Western and Central Washington) sold a plumbing HVAC company with cash and seller financing.
[29:40] Listing of the Week: Sam Curcio (Transworld NY) is selling a manufacturing business with over 20 years of experience and more than $6.5 million in revenue per year.
Links Mentioned in Today's Episode:
Subscribe to The Deal Board Podcast YouTube Channel
Call us — (888) 719-9098
Email us thedealboard@tworld.com
#thedealboard #transworldbusinessadvisors #realestate #commercial
Quotes:
"[Interest rates] affect so many things; from credit card debt to car loans." — @acags [0:09:30]
"Interest rates being too high – certainly puts Main Street at more risk." — @thepromoking_ [0:12:27]
"It's still a great time to borrow money!" — @acags [0:18:16]
