California Relief Grant Program was made because 2020 was a difficult year. Especially if you were a business owner. Especially if you were a business owner in California, as you were dealing with COVID-19, wildfires, a difficult Presidential election, tariffs, and much more. If you have made it to 2021, congratulations. Perhaps you know some […]
What business financing options are out there for entrepreneurs? You’re ready to sell your business, but how will you find a buyer who can pay for it? Or are you ready to buy a business? There is a lot of money involved, and costs you might not even think of at first. How will you […]
Ready access to financing is the cornerstone of the capitalist system. This is whether an entrepreneur wants to start, buy or grow their business. Without capital, there is no future for the entrepreneur or their business. There are different lenders or borrowers a privately held business or owner can approach to borrow money. What may […]
An anatomy of the 2018 government shutdown and SBA loan. The highs and lows of business ownership are many…especially if you are a business owner selling to move to the next chapter of your life or a business owner buying starting out on your ‘American Dream’ to own and operate your own business. The steps […]
It’s normal for the buyer of a business to need some sort of finance to buy a business. The two ways, in general, are an SBA loan or seller financing or note or a combination of both. Most business owners are reluctant to offer seller financing as they are not sure their seller’s note will […]
What happens if I default on a SBA loan? If you’ve taken out a Small Business Administration or SBA loan and are not able to make your monthly payment it is undoubtedly creating a lot of stress and distracting you from your core task which is to own and operate your business.
There is no question that finding a source of finance to buy a business right now is incredibly tough. Be it good or bad, the market for finance for business acquisitions centers around loans done through the Small Business Administration or SBA loan programs.
Why getting a business loan is so difficult. You’ll notice this is a statement and not a question as I recently found the answer. On May 23 I attended I was part of the audience for a presentation organized by the Sacramento Valley Chapter of the Risk Management Association.
Getting an SBA loan hasn’t always been an easy task and some recent changes have been to require a business valuation in order for the loan to be approved. An SBA lender cannot provide this service, but a third part like a business broker can. The benefits of an SBA loan and reasons for hiring a business broker to help are outlined in this article.
One of the hardest aspects of being an entrepreneur is staying on top of some things you may not like to do because you either don’t enjoy them or simply aren’t good at them…or both. Doing math back in school just wasn’t fun for me.
Money tends to rate high up on the list of needs for people planning on starting or moving into business ownership. Here’s 7 tips if you need financing for your business.