Baby-boomers, a generation that started and grew hundreds of thousands of successful privately held businesses, are estimated to represent 75 million. The youngest boomers are 42 and the oldest are now over 60. Just as the boomers made major changes in the 1960s and...
Time is the biggest killer of transactions. Having a plan and being prepared will enable you to seize the opportunity when the opportunity presents itself. A Seller not being prepared to respond can be interpreted as the Seller not being motivated, and not worthy of...
Unless a potential buyer has overwhelming financial strength, an SBA loan guarantee will be needed to secure long-term financing. To prevent losing momentum in the sales process and having the potential transaction blow up with a failed attempt, being successful with...
For the seller to get all cash at closing, having the business qualify for bank financing is the most common technique. To qualify for a bank loan, you have to assure the bank that there is sufficient profit to repay the loan and pay the buyer a reasonable salary....
For the seller to get all cash at closing, having the business qualify for bank financing is the most common technique. To qualify for a bank loan, you have to assure the bank that there is sufficient profit to repay the loan and pay the buyer a reasonable salary....
Once you have established a fair market value for your business based on your local market, the next step is validating the price to meet SBA Loan Guarantee requirements. This is done in part by calculating what the total package will cost, including the buyer’s...
