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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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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4/23/08
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.
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9/27/07
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.
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9/25/07
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.
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2/19/07
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.
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12/21/06
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.
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