Watch Here: https://youtu.be/chVnc3cyTew

About the Guest(s): Parnell Speed is a seasoned professional with a background in engineering and experience in the real estate sector. After navigating the challenges of accessing capital in his own ventures, Parnell identified a widespread need for trustworthy guidance in securing funds. Transitioning into the mergers and acquisitions (M\&A) space, he was particularly drawn to the concept of roll-ups and sought to deepen his expertise through a dedicated training program. In 2019, he established his own firm, focusing on helping individuals acquire capital for acquisitions, and has since stood out as a reliable advisor, steering clients away from unfavorable funding and towards optimal financial solutions tailored to their specific circumstances.

Summary: Ronald Skelton talks with capital expert Parnell Speed about creative financing strategies for business acquisitions. They explore funding options, deal structures, and financial preparedness for successful M&A. Parnell shares his diverse background and emphasizes overcoming challenges. The discussion dives into SBA loans, seller financing, and unconventional approaches like non-recourse funding. It equips listeners with the knowledge to navigate acquisitions using assets, contracts, and investor relationships.

Key Takeaways:

Acquisition financing includes a range of options like SBA loans, asset-based financing, contract financing, and owner financing, but private investors can also play a pivotal role in funding deals.
Being strategic in capital stacking, which involves combining different types of funding, can enhance the potential for a successful acquisition.
Creativity in sourcing and arranging capital is crucial; it's about finding the right money rather than just any money.
Preparation for growth and operational costs post-acquisition is as important as financing the purchase, and should be factored into the fundraising strategy.
The sooner you start planning for funding an acquisition, ideally before even signing an LOI, the better prepared you'll be for a successful transition

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Contact Parnell on
Linkedin: https://www.linkedin.com/in/parnellspeed/
Email: parnell@rvhcapital.com
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E205: Raising Capital for Acquisitions: Funding Sources to Finance Your Dream Deal w/ Parnell Speed

How2Exit: Buy, Don't Build - M&A of Small Businesses