Easy Way to do a Deal

Mar 7, 2014 | General

Easy is relative, but once in a while we are involved in deals that are refreshing. In a case this week, we closed on a transaction that worked out very well for both sides. What started out as a typical purchase with delays and a long list of to-do’s ended smoothly...

What if Interest Rates Rise?

Feb 28, 2014 | General

With all of the excitement of buying a business, variable rate loans can sometimes add some anxiety. Loan terms vary from bank to bank. Generally, interest rates on a 10-year SBA loan will adjust quarterly as a function of the prime interest rate — typically prime +...

Successful Closing Through Probate

Feb 20, 2014 | General

Closing on a deal through Probate Court? Yuck, and Yes, it was a successful closing. However, the process was extremely difficult on the buyer and the family of the deceased owner who were left with the challenge of the transition. Since an estate plan had not been...

Sell or Shut Down or A bird in the hand…

Feb 10, 2014 | Must Knows About Business Sales

If there is ever an opportunity to sell a business, the business owner should take a serious look at the options. Every year we will have one or two business owners that refuse to accept a reasonable offer (based on their current situation), and within a few months...

The Entrepreneur

Jan 29, 2014 | General

The toughest part about buying a business is the follow through.  Will you get to the finish line? Will you write the check from your investment account? Will you put your house up as collateral? Do you think that the 10 to 20 year old business you are interested in...