SBA Loan Development

The Small Business Administration ended its 2009 fiscal year on Wednesday, marking the close of a tumultuous year of lending initiatives to keep banks’ doors open. Despite the efforts to revive the credit market, the SBA approved less than 45,000 loans, down 36% compared to last year and 56% from ... [read more]

SBA Revises Good Will Caps

Effective with loan applications on or after October 1, 2009, the Small Business Administration revokes its position that acquisition financing is limited to buy-sells involving goodwill amounts up to $250,000. NO GOODWILL CAP EFFECTIVE OCTOBER 1, 2009 Specifically, the SBA changed the rules for fi... [read more]

Warning! Business Sellers Are Liars

“Business Seller Retiring – Priced to Move” While searching for an existing small business to buy, the novice entrepreneur will come across a few deals that seem almost too good to be true. There are times when a family situation or a dodgy medical condition may require a quick sale at a belo... [read more]

SBA Changes

ATLANTIC HIGHLANDS, NJ – February – For those of you that attended my presentation on SOP 50-10 (5) as it relates to Business Valuation, thanks for the participation. As a follow up, I wanted to touch on a very important issue related to SOP 50-10 (5) A) Page 139 section F. Change of Ownership (... [read more]