Buy a Business

CARES Act Impacts SBA 7(a) Loans

CARES Act Creates Significant Benefits for 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. CARES Act Creates Significant Benefits for 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.

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, an agreement of this size can be[…] 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, an agreement of this size can be[…]

6 Questions Buyers Should Always Ask

There is no such thing as a dumb question, and that’s especially true when buying a business.  Before you make the life-changing decision to purchase a business, it is important to learn as much as you can, both about that particular business and the industry as a whole.   While there are some obvious questions to ask, like the financial situation[…] There is no such thing as a dumb question, and that’s especially true when buying a business.  Before you make the life-changing decision to purchase a business, it is important to learn as much as you can, both about that particular business and the industry as a whole.   While there are some obvious questions to ask, like the financial situation[…]

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 business.  Finally, be[…] 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 business.  Finally, be[…]

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 the end.  Not all SBA lenders are[…] 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 the end.  Not all SBA lenders are[…]

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 independent start-ups. 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 independent start-ups.

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? 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?