Ideally, you start preparing for sale early in your business life-cycle, the day you open. If this did not happen, you are definitely in the majority. However, now is the time to start because the more you know about what buyers want and what you can expect from the market,… Read More »The Seven Stages of Selling Your Business
April 19 2020 Complete list, as of April 20, 2020, of Nationwide Economic Injury Disaster Loans COVID-19, published by the Small Business Administration.
Advisors indicate that the 2019 Q4 lending market had been conducive to getting deals done, particularly for businesses with revenue of $5 million or more. However, Advisors struggled to help buyers secure financing in the smallest Main Street sector. *According to the Market Pulse Survey – 4th Quarter 2019, presented… Read More »Ease of Arranging Debt in 2019, by Company Revenue
The average time to sell a small business has risen to 8.6 months, up from 6.4 months in 2013. Of that, roughly 60 to 120 days are spent in due diligence and execution, after a signed letter of intent. *According to the Market Pulse Survey – 4th Quarter 2019, presented… Read More »Q4 2019 Average Time to Close Up 34% from Q4 2013
PLANNING AFTER SUBMITTING Make a plan for the amount requested. Focus on provability – 75% must be used for qualifying payroll costs and 25% or less can be used for business expenses like rent and utilities. RECEIVED PPP LOAN – DOCUMENT, DOCUMENT, DOCUMENT & FOLLOW THE RULES You may want… Read More »After Submitting PPP, Key Dates, Planning and Documentation is Key
Every Arizona hospital, clinic, physician’s office, skilled nursing facility, and assisted living facility faces a shortage of medical supplies needed to protect and treat their workers and their patients and residents. The supplies exist – the shortage stems from a lack of money. ProtectAZ is purchasing those needed supplies, locally… Read More »Bringing Medical Supplies to AZ
An overview of programs…from tax extension to individual and business programs. A big thank you to Business Brokerage Press, for providing this Overview of the program – what it is, how long, who’s eligible, what’s available, terms, and how to apply.
Now is the time to come up with unique revenue streams. Please add and share what creative ways you are adding to your revenue stream. Restaurant/Caterer Create a Meal Plan with a Subscription Fee but keep it simple. Delivery or Pickup, whichever you currently provide. It can have a set… Read More »Potential Revenue Streams for this Unique Time
April 8, 2020 “Borrowers and lenders may rely on the guidance provided in this document as SBA’s interpretation of the CARES Act and of the Paycheck Protection Program Interim Final Rule (“PPP Interim Final Rule”) (link). …” If applying for PPP, Tim Collins, Texas Capital Bank, states that your… Read More »Paycheck Protection Program Loans FAQS – as of April 7, 2020
April 7, 2020 UPDATE: Why are banks focusing on current clients? From our sources, lenders’ current clients have been vetted and they know these are ‘real’ companies and people. IF your bank is at its limit (e.g., Wells Fargo) or those whose systems are not accepting paperwork, be sure to… Read More »How to move your PPP application to the top of the line?