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Business Banking - BLOG

Help Wanted: Creating an Exit Plan for Your Business

By Kate Borkowski, SVP, Manager of Wealth Management on August 31, 2015

Your business is booming, so why would you want or need to create an exit strategy to leave it? Simply put, because it’s good business sense.

Today, companies are often sold two or three years after they’ve opened their doors. Flickr, an image hosting and video hosting Web site and Web services suite, was created by Ludicorp in 2004 and acquired by Yahoo in 2005 for $35 million. YouTube sold for $1.6 billion to Google when it was just two years old.

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"Salin Bank doesn't just look at the checked boxes on an application for a loan. They look at the people behind the application."

Chris Irons, Owner, Home Instead Senior Care