Now until 2023 may be the time to sell your business. In a move that was not previously announced, the SBA has issued a notice slashing lender service fees and loan “up front” fees through fiscal year (FY) 2023. The new fees are effective for all 7(a) loans approved on October 1, 2022, through and. . .
Finding a buyer for your business is just the first step in a broker’s job. Your company’s sale can take many weeks, and there are seemingly infinite ways a deal can fall apart. An experienced broker can help you avoid pitfalls and keep the process moving. Here are four silent deal killers you might not. . .
Here’s what it means to business owners Over the last 41 years, Transworld Business Advisors have been helping business sellers and buyers find a connection. Over time, CEO Andy Cagnetta and his team have refined processes and developed broker talent. The result is the largest small business brokerage firm in the world. They’ve also quietly. . .
Experience can be a great teacher. I’ve been a business broker since 2006. Along with over 180 successful transactions, I’ve seen plenty that didn’t go well too. Followers of my blog have heard me say in the past, “Time kills deals.” The more time passes, the more likely the buyer or seller can lose motivation.. . .
Are You the Problem? We’ve spoken before about what adds to company value, having good systems, keeping clean books and happy employees are at the top of the list. But what detracts value? What you may not realize is, you personally may be holding your company back, even if you’re as dedicated, focused, and hard-working. . .