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Podcast: Gym World Worldwide
Episode: Bank insider reveals how gym owners can make millions using SBA
Description: John Franklin (https://twitter.com/JohnIsBuilding) & Mateo Lopez talk to Angelo Medici, a senior VP at Live Oak Bank (https://www.liveoakbank.com/), where he reveals exactly how gym owners can use the bank to build their wealth really fast.
Show notes:
(1:39) What is Life Oak Bank and SBA lending?
(6:12) What makes a gym bankable? (aka, good target to get a loan)
(9:09) What is the debt service coverage ratio?
(11:48) How can gym owners value their business?
(13:33) Example of a deal structure as a buyer with SBA
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