As part of the Economic Aid Act that passed in December, the Small Business Administration will make borrowers’ payments for six months on new SBA 7(a) and 504 real estate and micro-loan programs.
If you’re considering selling your small business, review these documents and information. Preparing solid financials will help determine a fair asking price.
One year ago, buyers were looking for talent. Every company we talked to was up against the same problem – there was so much opportunity to be had, but none of the employees to make it happen. It’s amazing how much can change in year.
If you’re considering selling your small business, review these documents and information. Preparing solid financials will help determine a fair asking price.
On December 27, 2020, the Consolidated Appropriations Act, 2021 (HR 133) was signed into law by President Trump. This $2.3 trillion spending bill combines a $1.4 trillion Omnibus appropriations bill for the 2021 fiscal year and $900 billion for COVID-19 relief in the United States
Many small business owners fixate on the day-by-day tasks of their organizations, an amazing number don't have an exact comprehension of their business worth. That is because conventional business valuation requires the small business owners to contribute a lot of time, exertion, and are expensive. With high-cost business valuations, small business owners are in a tough position: choosing to put resources into a valuation or utilizing those assets for their everyday tasks. Confronted with that choice, most small business owners pick "not knowing."
The CARES Act Debt Relief Program, which allows business buyers to take advantage of an SBA loan, has been extended under the Consolidated Appropriations Act signed into law by President Donald Trump on December 27, 2020. Keep reading to learn why this extension is great news for entrepreneurs looking to buy or sell a business.
New Paycheck Protection Program (PPP) loan guidance should provide relief to business owners currently selling, business buyers, and business brokers with prospective clients with a PPP loan.
The COVID-19 pandemic has rippled through the U.S. economy, with many non-essential businesses shut down. Yet, some businesses, those we rely on most, are still going strong, and many are thriving.
The market has been disrupted and many businesses are uniquely positioned. With stay-at-home lifestyles and heightened safety precautions, consumer behavior has changed, leading to new opportunities.
As you plan for the next year, make sure you are honestly assessing what is possible in 2021. Ask trusted advisors, co-workers, and even friends these three questions:
1. What two things should I continue to do?
2. What two things should I start to do?
3. What two things should I stop doing?