Eric Seifert once needed to sell a business he co-owned. He later realized it would have been an easier transition with more advance planning.
Now, the former banking executive and consultant at the Michigan Small Business Development Center (MI-SBDC) started his own firm to help Muskegon small businesses plan for that scenario.
In August, Seifert opened Left Coast Capital at 297 W. Clay Ave., Suite 101, in Muskegon.
The firm specializes in helping owners of companies with less than $10 million in annual sales to retire or sell their businesses within five years or less.
Left Coast Capital also works with established companies seeking growth capital — including SBA loans, senior debt, revolving credit facilities, angel investments and private equity.
Seifert brings four decades of experience as a business consultant and commercial banker — including at Old Kent, Fifth Third and Community Shores banks — to his new one-man operation.
“I have no employees but a lot of strategic partners,” Seifert said. “I have developed a model that’s different than any other business brokerage house. I use the resource of my fellow business brokers.”