10 Questions Buyers Should Ask Sellers
At its core, the entire process of searching for and buying a business is centered on asking questions and gathering information. How else can a buyer make an educated decision about whether or not to buy a particular business? While there are literally hundreds of questions buyers will ask throughout the process, here are 10 […]
Reasons to Consider Buying an Existing Franchise
You’ve decided you’re tired of corporate America or some other job that isn’t satisfying and you want to obtain the freedom that is only found in owning your own business. Many people in your shoes choose to buy a franchise. Often this is a good solution since franchises typically have a higher success rate than […]
The Problem with SBA Lenders
If you are in the market to buy a business, you’ve likely heard about SBA lenders. These banks work to secure loans for small business buyers with the backing of the Small Business Administration. While working with an SBA lender may sound like a great opportunity, you may not get what you bargained for in […]
Things to Consider When Acquiring a Business
As you prepare to purchase a business, there are many things to consider. First, partner with an experienced business broker to ensure a smooth sales process. Next, determine the right industry and business for you. Once you find a potential business to purchase, ask key questions to learn as much as you can about the […]
Anatomy of the Asset Purchase Agreement
Whether you intend to sell or buy an existing business, odds are that your transaction will be governed by an Asset Purchase Agreement, or APA. Depending on the size and complexity of the transaction, the APA can easily run dozens of pages. Unless you make a habit of reading legal documents in your spare time, […]
CARES Act Impacts SBA 7(a) Loans
While there are several SBA loan related provisions and benefits in the recent government actions designed to create relief to the current COVID-19 situation, one in particular – the SBA Debt Relief program – is what we’d like to focus on. This is taken today from the SBA.gov website (https://www.sba.gov/page/coronavirus-covid-19-small-business-guidance-loan-resources#section-header-4): The SBA Debt Relief program […]
