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SBA Loan Small Business Financing
The following posts are in the sba loan small business financing category.
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

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

Posted on August 26, 2009  Contributed by Peter Siegel

New SBA Microloan Program to Boost Small Business Acquisition, Expansion

Entrepreneurs interested in buying a small or mid-market business may be aided by a new effort of the Small Business Administration to boost lending for business purchase and expansion through its Microloan activity.

Posted at 8:02am | 4 Comments

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

Posted on June 18, 2009  Contributed by Jonathan Smith

Tips For Faster SBA Loan & Business Purchase Financing

SBA loan and business purchase financing expert Jonathan Smith shares with BizBen viewers his feedback for not only getting SBA loans and business financing approved but also approved and processed quicker.

Posted at 8:55am | 5 Comments

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

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

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

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

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

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

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

Posted on April 8, 2009  Contributed by Jonathan Smith

Loan Consultant Says SBA Loan Volume Is Rising

Jonathan Smith a loan consultant who specializes in business purchase financing says SBA loan interest and placement is up recently, with recent policy changes at the SBA.

Posted at 7:10pm | 4 Comments

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

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

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

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

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

Posted on April 22, 2008  Contributed by Todd Moore

Todays SBA Loan Tip: SBA Loan Requirements Vary By Lender

Not all lenders play by the same rules - all lender have different requirements and underwriting criteria. Andy Dobrov with Premier Business Opportunities shares his recent SBA lender experiences.

Posted at 5:34am | 1 Comment

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

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

Posted on September 12, 2007

Why All Owners Should Pre-Qual Their Business Before Selling

What most business owners don't realize is that by pre-qualifying their business for SBA loan business purchase financing they will increase the number of potential buyers.

Posted at 11:15am | 0 Comments

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

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

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