SBA Disaster Assistance Update
April 19 2020 Complete list, as of April 20, 2020, of Nationwide Economic Injury Disaster Loans COVID-19, published by the Small Business Administration.
General
Q4 2019 Slightly Less of a Seller’s Market Than Year Ago, Advisors Say
Seller-market sentiment dipped slightly in the lower middle market this quarter, but advisors still indicate that sellers have a strong advantage across all but the smallest business sector. Excluding businesses valued at less than $500K, advisors have not rated any sector as a buyer’s market since Q3 2017. Seller sentiment… Read More »Q4 2019 Slightly Less of a Seller’s Market Than Year Ago, Advisors Say
Q4 2019 Portion of Sale Received as Cash at Close
In Q4 of 2019 Sellers continue to get the majority cash at close. In this quarter, owners received 79% or more cash at close with most of the balance being seller financing, along with some earnouts and retained equity to close the valuation gap. *According to the Market Pulse Survey… Read More »Q4 2019 Portion of Sale Received as Cash at Close
Ease of Arranging Debt in 2019, by Company Revenue
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
Q4 2019 Average Time to Close Up 34% from Q4 2013
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
Governor’s Executive Order Permits Food Trucks At ADOT Rest Areas
April 15, 2020 Governor’s Executive Order Permits Food Trucks At ADOT Rest Areas Arizona Continues Supporting Trucking Industry During COVID-19 Pandemic PHOENIX — To help the long-haul truckers keeping Arizonans supplied with food and essentials, Governor Doug Ducey today issued an Executive Order allowing food trucks to operate at eight Arizona… Read More »Governor’s Executive Order Permits Food Trucks At ADOT Rest Areas
After Submitting PPP, Key Dates, Planning and Documentation is Key
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
Organize Your Financials
Buyers want to see clear, well-organized financials, preferably compiled by a reputable firm. This demonstrates that you utilize your financials in running your successful business and optimizing operations. If your business has more than $10 million in revenue, invest in an audit at least three years prior to selling or… Read More »Organize Your Financials
Happy Easter 2020
Happy Easter to all. Today is a day to spend with family. We are doing a zoom call with our family to celebrate easter. From all of us at Delta Business Advisors we wish you a happy and safe Easter.