Business owners are surprisingly predictable when it comes to selling their companies. When revenues are rising and money is cheap; they delay. This can have serious consequences when the market turns. Every business owner will exit their business someday. The decision to sell is often both personal and financial. The personal reasons can vary widely,...
Many prospective business buyers look to the Small Business Administration for business acquisition loans. The SBA loan is the most commonly used business acquisition loan available today. SBA loans were created to be borrower-friendly for business acquisitions. In comparison to conventional loans, SBA loans: 7(a) Have longer repayment terms with no prepayment penalties More repayment...
Qualifying for SBA lending is no easy task, and there are some elements of your application that lenders will always review with a critical eye when determining your eligibility. These elements are referred to as the ‘5 C’s.’ Save yourself time and frustration by making sure you’re a well-qualified candidate in these five areas before...
The first step in becoming a well-qualified borrower when applying for an SBA loan is understanding all eligibility requirements. SBA lenders have strict requirements that need to be met, and an informed/educated borrower can position themselves to be more likely approved for a loan. Basic Requirements of an SBA Loan Down Payment (By Business Type):...
You are an expert at running your business, but you need an expert to help you navigate the complexities of selling your business. Most business owners are afraid to begin or don’t even understand the analysis process that must take place long before actually putting their business on the market. If you are considering selling...
New Businesses for Sale Twin Cities Metro Commercial Seating Manufacturer and Maintenance business for sale in the Twin Cities. Owner’s Cash Flow Averages $470k on Nearly $2 Million in Revenues. Bank Financing Available With Only $140k Down! (3-1747) Revenue: $1,956,763 Cash Flow: $495,417 B2B SAAS Recurring Revenue Business. SBA & Seller Financing (3-1721)...
