About This Blog
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Peter Siegel, MBA is a nationally known consultant and author - with over 25 years experience on the topic of selling, buying, and niche financing (the purchase of), small to mid-sized businesses. His clients include: business buyers, business owners/sellers, small business advisors, and business brokers. |
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This Blog contains observations, tips, news, events, and case studies relating to selling or buying a small business. |
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This Blog is ideal for business buyers, business owners, advisors, business brokers & agents. |
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Contact me by phone
at 866-270-6278 |
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Disclaimer
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Opinions expressed on this site do not necessarily represent those of BizBen. |
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Opinions expressed here do not constitute legal advice. Those interested in specific guidance for legal matters should seek competent professional advice. |
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Business Purchase Financing
The following posts are in the business purchase financing category.
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Posted on October 26, 2009 Contributed by Jonathan Smith
SBA Loan Update: Global Cash Flow Requirements & Issues
Over the past few months one of the most challenges aspects of acquisition financing to overcome has been fulfilling the Global Cash Flow requirements. In years past most lenders would look at an acquisition to see if the business itself could support the debt being taken out for the purchase, support the ongoing business expenses and they really didn’t look at the other financial obligations of the new owner. Jonathan Smith - SBA Loan Consultant For Business Purchases - looks into this issue for BizBen Blog readers.
Posted at 8:41am | 2 Comments
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Posted on October 7, 2009 Contributed by Cyrus Safavian
FREE Online Webinar: Buying A Business With Retirement Funds - 11/12
In this free online webinar we will discuss how investing your 401(k) funds into a business works, the “do’s and dont’s” of operating the plan, and maximizing your 401(k)s profit potential while investing in your own future. Don’t miss out! One of the nation’s premier 401(k) business rollover specialists, Cyrus Safavian, is hosting the event to answer all of your 401(k) rollover questions.
Posted at 5:08am | 1 Comment
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Posted on October 6, 2009 Contributed by Peter Siegel
SBA Sees Boost in Lending to Small Businesses
The money needed to help individuals buy small businesses or to enable small business owners to expand their companies is becoming more available after the severe credit freeze that impacted the economy during the end of 2008 and the first part 2009. The SBA announced that loans to businesses totaled $1.9 billion in September, the highest monthly sum since August 2007.
Posted at 8:41am | 1 Comment
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Posted on August 17, 2009 Contributed by Cyrus Safavian
Buying A Business With Retirement Funds: Pros & Cons
In light of today’s lending difficulties, have you considered purchasing your small business or franchise through a self-directed 401(k) investment plan? If so, you are not alone. Accessing the funds in one’s IRA, 401(k), SEP or other tax-deferred retirement account to as investment capital for a new business is a very attractive option – especially since it can be done without incurring early distribution taxes or penalties. Cyrus Safavian walks us through this process in this article.
Posted at 8:13am | 2 Comments
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Posted on July 12, 2009 Contributed by Peter Siegel
30% Drop In SBA Lending, But Positive Trends Noticed
The Small Business Administration has announced it approved 11,580 loans in the second quarter of 2009, representing a 30% reduction from the 16,490 loans it backed in the same period last year. Value of the loans guaranteed in the April through June period of 2009 was $2.5 billion, compared to the $3.5 billion figure for the quarter ended June 30, 2008.
Posted at 5:21pm | 1 Comment
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Posted on July 9, 2009 Contributed by Cyrus Safavian
401(k) Retirement Financing – It's Not a Secret Any Longer
If you have been considering starting a new business, or purchasing an existing business, you have probably been considering first how to capitalize your investment. Did you know you could use your retirement funds to finance a business without having to pay taxes and penalties? Enter a new form of business financing that relatively few are familiar with today- 401(k)s, IRAs and other tax deferred retirement plans. Cyrus Safavian walks you through the process of financing utilizing your retirement funds.
Posted at 6:39am | 5 Comments
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Posted on June 11, 2009 Contributed by Jonathan Smith
Buyer Preparation Is Key To Getting Financing
Before one starts to search for a business to buy there are a number of key points to have in order. When seeking funding all lenders or intermediaries will ask for the same basic financial package and you will save considerable time and energy having prepared the package electronically so you can submit the package with ease. Jonathan Smith, a financing/loan consultant broker for business purchase financing discusses this topic with BizBen readers.
Posted at 5:35am | 4 Comments
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Posted on June 9, 2009 Contributed by Jonathan Smith
Buying A Small Business: Many Listings, Financing Available
Jonathan Smith, a financing expert/consultant on business purchase financing asserts that now is a great time to buy a business due to many more small businesses for sale on the market and that lenders are lending - provided you go to the right lender to get the deal financed.
Posted at 7:01am | 4 Comments
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Posted on May 28, 2009 Contributed by Ken Oppeltz
SBA Loan Changes Impacts Business Purchase Financing
Ken Oppeltz, business broker in San Diego discusses the changes the SBA has made and is considering for future policy to SBA loans. These policy changes will have a direct impact to financing the purchase of small businesses and action is needed now by all in our industry, small business owners, business buyers, etc to help educate our legislators and SBA officials the negative impact these actions will have.
Posted at 7:51am | 5 Comments
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Posted on May 21, 2009 Contributed by Jonathan Smith
SBA Loan Update: Blue Sky, Seller Financing, Other Options
There are numerous ways to get creative when it comes to financing a business acquisition and we all know the closing table is not the time to get creative. Buyers need to start thinking about financing even before they decide which business to buy and sellers need to think about it the moment they decide to sell. Sounds easy enough but most people put financing on the back burner. Jonathan Smith discusses the latest with SBA loan strategies concerning buying a business.
Posted at 8:34am | 3 Comments
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Posted on May 18, 2009 Contributed by Jonathan Smith
SBA Head Notes Increase in SBA-Backed Lending
About 1,200 lenders have resumed making Small Business Administration-backed funds available for the expansion and purchase of small U.S. businesses in the past few weeks, following changes instituted by the federal government to encourage small business access to funds through efforts such as the SBA's 7(a) program.
Posted at 8:44am | 1 Comment
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Posted on April 29, 2009 Contributed by Jonathan Smith
New Capital Entering The SBA Marketplace
If you have been discouraged from purchasing a business because of a recent decline from the bank then it is time to start looking once more. SBA offices and banks across the country are encouraging people who have been turned down for an SBA loan in the past 6 months to try again due to new capital entering the SBA marketplace.
Posted at 9:36pm | 1 Comment
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Posted on April 14, 2009 Contributed by Jonathan Smith
Deal Pre-Qualification Before Selling A Business
In today’s ever changing financial markets it is now more important than ever to pre-qualify a listing long before you have a potential business buyer. Allowing a finance expert to review the business listing will not only help when you start speaking with prospective buyers but it will also help speed up the funding process.
Posted at 8:49pm | 4 Comments
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Posted on April 7, 2009 Contributed by Peter Siegel
SBA Loans Down By Nearly Half For Quarter
Fewer than 8,300 SBA 7 (a) program loans were made to small businesses in the first three months of 2009, a decline of nearly 50% from about 19,000 SBA-backed loans issued in the same period last year.
Posted at 8:11am | 1 Comment
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Posted on March 20, 2009 Contributed by Peter Siegel
Using Vendor Financing For Business Purchases
Vendor financing is one option in the quest to buy a small business. With SBA financing getting more difficult these days, vendor financing is one possibility for business purchase financing.
Posted at 9:56pm | 0 Comments
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Posted on March 16, 2009 Contributed by Peter Siegel
SBA Loan Changes: Good For Business Purchase Financing
Today President Obama reiterated his belief that we owe it to America’s small businesses to be the partner they need in the midst of this crisis. At SBA, we couldn’t agree more. “SBA this week is implementing two key provisions laid out in the Recovery Act – we are temporarily eliminating certain loan fees and raising guarantees on some 7(a) loans up to 90 percent. With these critical steps by SBA, and the Treasury Department’s commitment of up to $15 billion aimed at getting lending markets flowing again, we are standing up with small business owners across this country and telling them how we are going to put much-needed capital in their hands.
Posted at 10:43pm | 3 Comments
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Posted on November 19, 2008
Recent SBA Changes A Positive For Business Purchases
SBA loans for business purchases have been nearly impossible to secure in today's credit crunch environment - recent news out of the SBA seems to indicate that recent changes may help our past source of reliable financing for business purchases.
Posted at 8:09pm | 2 Comments
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Posted on April 22, 2008
Utilizing Your Retirement Funds To Buy A Business
Utilzing your retirment funds is a viable option for buying a business with a self-directed IRA plan. This financing option can be ideal for business buyers who have built up a sizable amount in their retirement fund.
Posted at 5:58am | 1 Comment
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Posted on December 20, 2006
Dinner by Design and Other Meal Prep Franchises for Sale
Meal prep franchises like Dinner by Design are popular right now. These services provide home cooked meals made ahead that can be baked at home. Find a meal prep franchise for sale in California on BizBen.com.
Posted at 4:19pm | 0 Comments
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Posted on September 12, 2006
SBA Loan Online Webinar - How To Buy A Business With SBA Loan Financing
Most buyers tend to stay away from SBA loans for financing due to the idea that they take to long to complete. With the help of this webinar we will show you how to approach the SBA loan process and complete the entire process within 30-45 days!
Posted at 8:33am | 0 Comments
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