Adrian: Latakoo founders must personally guarantee their SBA bank loan
Paul Adrian · 1658 Why 142 Production Teams Pay Him $142k/mo For Quicker File Management · Feb 7, 2020 · at 11:28
Latakoo co-founder and CEO Paul Adrian discusses securing bank-backed SBA debt financing with Nathan Latka.
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“Yes. I mean, again, it is attached to the company, but it's also attached to the founders. So there is other stuff we've got to throw into the mix.”
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More from Paul Adrian
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“The terms we saw and we actually spoke to them, it would have been more like a hundred percent payback. So it would have been twice what they gave us, we would have to pay back. And others we've seen have been like in the three X category.”
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