The Power of Vision in Business: A Lesson from Proverbs
In the fast-paced world of business, it’s easy to get bogged down in the day-to-day operations. But as Proverbs 29:18 reminds us, “Where there is no vision, the people perish.”…
The SBA Reduced Guarantee Fees effective October 1st, 2023
The SBA Reduced Guarantee Fees effective October 1st, 2023 SBA 7(a) loan guarantees refer to the assurance provided by the Small Business Administration (SBA) to a lender, such as a…
SBA No Longer Requiring 100% Change of Ownership on SBA-Guaranteed Loans
Effective last month, the SBA amended restrictions on borrowers using 7(a) loan proceeds to effect partial changes of ownership to assist small businesses and to expand pathways to ownership. This…
In an EIDL Repayment Cash Crunch? 4 Things to Do Now
By: Brandon Horvath As EIDL payment deferment ends, business owners are looking at their bank accounts, readying to make the first payment on their pandemic relief loans. Some borrowers are not…
CBI Offers Loans4Biz Program
CBI's Loans4Biz is a unique service offered to buyers. We know that when lenders compete sellers and buyers win. With rising interest rates, business financing can be a challenge. Don't…
Some Good News for Borrowers on SBA Guaranty Fees
Whether you are a business seller or a business buyer, the access to capital and the cost of money is very important. As interest rates continue to rise and prices…
How the Loans4Biz Program Benefits Sellers
The primary function of the proprietary CBI Loans4Biz program (https://cbiteam.com/l4b/) is to help buyers finance acquisitions. However, sellers of the businesses being acquired also benefit when buyers decide to use…
How Fed Funds Rate Increases Affect Business Acquisition Loans
If you’re thinking about borrowing money to buy a business, it’s best to move quickly before rates go up again because Interest rates on SBA guaranteed loans are tied to…
Why Pursue an SBA Loan Rather than a Conventional Loan?
SBA loans often get a bad rap, but SBA loans make it possible for buyers to obtain financing for many business acquisitions in deals where a conventional loan is not…
Loans4Biz Program Helps Couple Attain Dream of Owning a Business
The couple had years of experience as teachers, but they had a dream of owning their own business. The husband would resign from his position at the end of the…