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
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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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SBA Loan Small Business Financing
The following posts are in the sba loan small business 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 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 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 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 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 July 2, 2008 Contributed by Steve Fitzgerald
All SBA Lenders are NOT Created Equal
With “sub-prime” entering into the national lexicon and devastating many of the world’s financial institutions, it should not be surprising that there has been a direct affect on Small Business Administration (SBA) lenders as well. Many of these lenders joined in the lending exuberance of their mortgage cousins and are now feeling their pain. Some lenders have backed out of SBA loans altogether, and others tightened their requirements to the point where no one who actually needs the money would qualify to borrow it.
Posted at 7:12pm | 0 Comments
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Posted on June 17, 2008 Contributed by Mike McGrane
Upcoming SBA Loan Changes For Business Purchases
The SBA is making major changes to their SOP (Standard Operating Procedure) that guide lenders that use the SBA'a 7(a) and 504 program. I have focused on a few that impact business buyers, sellers, and business brokers that will go into effect on August 1, 2008.
Posted at 8:14pm | 0 Comments
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Posted on April 23, 2008
SBA Sets 45 Day Extension To Effective Date Of SOP Changes
The U.S. Small Business Administration has agreed to a request from lenders that participate in the agency’s small business loan programs for a 45-day extension to the effective date of its modernized Standard Operating Procedure for lender and development company loan programs.
Posted at 9:24pm | 0 Comments
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Posted on September 27, 2007
SBA Loan Size Standards Kill RV Dealership Purchase & Financing
Today I received a call from a potential business buyer who had industry experience was trying to buy a RV dealership and needed financing to complete his transaction. In the eyes of the SBA his small business was too big to qualify for business purchase financing.
Posted at 7:17am | 0 Comments
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Posted on September 25, 2007
Loans To Buy Business Tip: Collateral On Loan
Todays Loans To Buy Business Tip: Collateral On Loan - SBA loans require personal guarantees, and the security interests in the assets, if the business assets do not provide adequate collateral. BizBen viewers rated a Curves franchise business, a restaurant company, and an edible arrangements listing as some of the more popular California businesses for sale that were listed yesterday on BizBen.com.
Posted at 8:40pm | 0 Comments
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Posted on February 19, 2007
Getting a SBA Small Business Loan To Buy A Business
Peter Siegel, MBA presents his SBA loan webinare on getting an SBA loan to buy a business. Most business buyers in California utilize some sort of financing to buy a business. It's a myth that SBA loans take too long. With the right preparation, it's possible to get a SBA loan within 30-45 days! This webinar tells you what you need to know about SBA loans.
Posted at 7:10am | 0 Comments
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Posted on December 21, 2006
SBA Numbers on California Small Businesses
The SBA recently released a report on outstanding debt for small businesses. California follows the national trend - the smallest businesses have the most debt.
Posted at 9:51am | 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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