Scott Birkner was a constant professional and was very reactive when I had a question or comment. I know the SBA program well, but Scott was full of good information and quick to clarify anything I had questions about. Scott followed up regularly and was persistent in getting things done. Things went very smoothly throughout the process, and Scott, Alicia, and the rest of the team at Dogwood made me feel comfortable throughout. I would and have already recommended Scott and Dogwood State Bank to other small business owners and entrepreneurs.
Viking Mergers and Acquisitions, headquartered in Charlotte, North Carolina with offices across the Southeast, is a business sales and advisory firm, serving closely held businesses in the United States. Viking M&A represents business owners and helps them confidentially sell their business, while consulting with them to help them understand how the buyers and bankers will see them. Founded in 1996 by father and son, Brad and Jay Offerdahl, it has grown into one of the largest groups of its kind in the Southeast, and is the highest volume loan broker in the region. It has a success rate in selling businesses that is 3x the industry average. One of the biggest things that sets Viking M&A apart from other M&A firms is empathy. With a team of 20 advisors who have owned, operated, and sold their businesses, Viking M&A understands what business owners go through, and carries that understanding throughout the process.
After spending several years learning and operating the business, Jay decided to buy his father out of the business. Following this decision, he decided to pursue an SBA loan to consolidate debt. Having worked with Scott Birkner previously, Jay knew Scott was a good partner and trusted the team at Dogwood State Bank. This SBA 7(a) loan for a Refinance allowed Viking M&A to free up cash flow, and provided for a 10-year amortization with no prepayment penalty. With the CARES Act in place, the SBA option was a no-brainer. One of the most popular loans on the market for a reason, the SBA 7(a) loan provides small business owners the flexibility needed to finance a range of projects in a variety of industries. Multiple uses of proceeds can be combined into one loan, creating a solution that works for many business needs.
If you are interested in pursuing an SBA loan for your business, do not hesitate to reach out. The terms and flexibility of an SBA loan are designed to help small business owners succeed. To learn more about our SBA loan options, visit our website. To learn more about Business Lending Specialist Scott Birkner, take a look at his bio.