The SBA Reduced Guarantee Fees effective October 1st, 2023
Although interest rates have increased over the last few months as the Federal Reserve Bank attempts to slow down inflation, the cost to obtain an SBA guaranteed loan for business…
What to Do When Your Clients Want You
Do your customers ever ask that you personally get involved in their account?If so, one of the best things you can do to improve the value of your business (and…
Loans4Biz Program Saves the Day on a Dental Practice Acquisition
After a dentist with a successful dental practice had a conversation with one of our brokers about growing his dental practice, the broker and dentist discussed several options. One of…
How to Increase the Value of a Distribution Business
Transforming a distributor or reseller into a valuable company may seem like a daunting task. Distributors are usually not worth very much, because an acquirer reasons that without a point of…
New SBA Rules Make It Easier to Sell and Buy a Business
Updates to the SBA 7(a) and 504 loan programs give SBA lenders more flexibility when providing loans for business acquisitions. Of course, those same lenders still have their own bank…
How to Protect Your Equity When Your Business Is Thirsty for Cash
When it comes to financing the growth of your business, you may find yourself facing a difficult choice between the lesser of two evils. Selling shares in your business can…
Why More Veterans Are Making Franchising Their Next Mission
The diverse skillset you built in the military is the same one that can make you asuccessful entrepreneur in civilian life. In today’s competitive business landscape,franchise brands are looking for…
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…
The Recurring Revenue Bump
Last month, Darden, the owner of the Olive Garden restaurant chain, announced it was acquiring Ruth’s Chris, the legendary American steakhouse, for $715 million, implying a valuation of around one…
Streamlining Your Business Will Make It More Profitable and More Valuable
In today's fast-paced business environment, efficiency and consistency are key to success. Standard Operating Procedures (SOPs) play a crucial role in achieving operational excellence and maintaining consistent processes. Documenting your…