The importance of a balance sheet for M&A and SBA loans
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Signs That It May Be Time To Pack Up And Sell Your Business
Signs That It May Be Time to Pack Up and Sell Your Business All businesses have their ups and downs. Sadly, some companies have more downs than ups, resulting in many business owners being forced to decide whether to sell or not. Suppose this is you, and you’ve decided that […]
The Top 5 Things to Know When Getting an SBA Loan
1) Minimum Down Payment A 10% minimum down payment (it is really 20% but if 10% the seller will be asked to hold 10% which is a problem for sellers) is the SBA requirement but there are many factors that can change the down payment requirements for a successful SBA business acquisition loan. It is […]
Contracts, Guarantees, Assignability Etc
It never fails but in almost every deal a buyer or a buyers attorney fixates on “contracts” and the assignability of the contracts in a deal. Now I have spoken to several attorneys I respect on the issue here in Florida and most smaller businesses realize that the cost of litigating to enforce a contract […]
What happens to cash when selling a business?
Money can be considered a taboo topic of conversation in some circles. As a rule of thumb, you do not speak about salaries, debt, or the cost of your most recent vacation with friends or family, do you? We understand that, but when it comes to selling a business, we need to talk about money, […]