COVID-19 has had a devastating impact on the cash flow of many small businesses. Government restrictions and societal behavioral changes were often the cause. Many of these businesses were classified by federal and state governments as being non-essential. The lending and business valuation communities have taken the position that COVID’s negative impact on businesses...
BankVista's tagline is Bank smart, Bank local, BankVista ... and we can vouch for the fact that those words are accurate and exactly why we encourage our clients to choose BankVista when shopping for SBA loans as well as their other banking services. Being a preferred lender for the SBA is important, but there is...
About Sunbelt Finance Sunbelt Finance provides financial consulting services to individuals considering business and or real estate acquisition ownership, business startups, equipment financing, SBA Express Lines of Credit etc. Our Specialist Can Assist With the Following Services at No Cost to the Borrower: SBA/Conventional Bank Loan Pre-Qualification Analysis Review buyer’s personal financial statement Provide...
As Minnesota’s largest seller of companies Sunbelt wants to help you be open for business. Below are links to resources you may find useful. From a high level we are still seeing deals happening, especially in “essential” businesses such as manufacturing, distribution, trucking, health care, technology and many other industries. Many buyers are adding special...
The American people are currently witnessing long overdue bipartisan support for the engine that drives our nation’s economy, namely small business. The Trump administration in conjunction with bipartisan support from a long divided Congressional Legislature, is currently providing $50,000,000 in specifically ear marked funds to the Small Business Administration (SBA) during this extreme national and...
The current coronavirus pandemic is creating hardship for business owners across our country and many segments of our nation’s economy. There is light at the end the tunnel for many due to the federal government’s Economic Injury Disaster Loan (EIDL) Program providing $50 Billion in Small Business Administration (SBA) loans to distressed businesses. While this...
• Preferred lenders have been given the authority by the SBA to underwrite their own SBA loans internally and make the final credit decision, saving multiple weeks in the process. • Preferred lenders have a proven track record of successfully processing and servicing SBA guaranteed loans. Other factors determining their PLP (Preferred Lender Provider) designation...
Our federal government is currently funded through September 30th. Unless our elected officials approve a new budget before this date, the government will shut down. The most recent shut down lasted 35 days between 12/22/18 and 1/25/19. M & A Advisors and Business Brokers need to be proactive about buyer financing activities when a potential...
Cash and Personal Assets as Equity Cash from savings is king in equity injections, but other sources can also be used. Assets that can be readily converted to cash, like stocks and bonds, are acceptable. A borrower can take out a separate, personal loan for the equity injection as long as “repayment [can be] demonstrated...
