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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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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Posts contributed by Jonathan Smith
The following posts were contributed by Jonathan Smith.
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Posted on October 26, 2009
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 June 11, 2009
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
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 21, 2009
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
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
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
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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