MINNEAPOLIS, MN, April 11th, 2019 – Sunbelt Business Advisors (“Sunbelt”), served as the exclusive financial advisor to Maverick Blinds LLC. (“Maverick”) in connection with a sale to MCL Industries, Inc. (“MCL”). Specific terms of the transaction, which closed on March 6, 2019, were not disclosed. Founded in 2014 by Chad Stoll and Scott Gleisner, Maverick...
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...
Basic Requirements of an SBA Loan Down Payment (By Business Type): While a down payment is required for every SBA loan, the amount can vary greatly by which type of business you’re funding. If you’re acquiring an existing business or franchise you may have a significant down payment requirement of around 20 percent (a 10%...
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...
SBA and its lending programs were specifically built to benefit small business owners. If you're a well-qualified borrower, you can enjoy many benefits when funding your business acquisition with an SBA loan. The top advantages include: Buying power: SBA loans range from $75,000 to $5 million in funding. This wide range provides you the buying power...
Did you know that BizBuySell, the world largest business-for-sale marketplace, recently released an article that discussed 2018 third quarter results? Fortunately for you, we have everything you need to know from the article. The biggest take-away? Sale prices of businesses sold in the third quarter have reached new highs and businesses are changing hands more...
How much is enough? Leadership Forum by Search Twin Cities With Keynote Speaker: Jay Bennett Join us Tuesday, November 13; 6:45-8:15 am to hear from speaker Jay Bennett, who is the Chairman of the Board of the Halftime Institute. Located at 1300 Godward St. NE Minneapolis, Level B1. Registration is FREE: Seating is limited so please...