A common misunderstanding about the SBA loan program is that the SBA makes loans directly to potential business buyers. Instead, the SBA (usually for a small fee) provides a guarantee to potential lenders for the money they lend to small businesses owners. This guarantee protects the lenders interests by promising to pay a portion of the … [Read more...]
What to look for in a business broker
Many business sellers far underestimate the effort and time required to sell their business. The sale of the average small business takes between 7 ½ months to a year to complete. The timescale is largely a result of the extensive packaging and marketing required to sell a business and the complexity of the transaction … [Read more...]