A little thought and planning now, will increase the value of your business and make it financeable by a bank. 1. The most important step Have accurate financial records. If you do not use QuickBooks or have a service that prepares you financial...
42 years in business, running inventory of $2 million, sold for $2.5 million, plus inventory of about $1.5 million. Low overhead. Was able to get the transaction funded using the COVID-19 Emergency Funding using SBA 7a Guaranteed Loan which the SBA pays the first six...
This must be for a start-up loan or an acquisition of an existing business. This is HUGE! If you have thought of selling your business, now is the time, it presents a significant opportunity for a buyer. This program not been offered before and is...
The Article 9 reorganization; Eliminate the majority of business debt – without bankruptcy, without new loans, without any legal messes or attorneys. How It Works When business debt becomes unsupportable or a sale/exit has become impossible, reorganization under...
With all the new programs the government has passed, now is the time. While much of the focus of the CARES Act has been on the Paycheck Protection Program, which allocates $349 billion for new SBA loans to cover qualified expenses, the Act contained a key provision...
Surprises rarely work out to be a good thing in a business transaction. When you present a potential buyer with records of concurrent years of high sales figures but your business has an uncertain future, it can put your deal at risk. There are plenty of risks outside...
