You’re ready to begin your dream of opening a business, but you’re hesitant to take out a small business loan and pay interest on it. Fortunately, there is another alternative. You have the option to use your 401(k) to start a business – without paying upfront taxes or early withdrawal penalties. How 401(k)/IRA Business Funding Works...
Whether you are a first-time business buyer, or an experienced strategic buyer, having an expert in your corner can make all the difference. Consultants experienced in business sales can add a lot of value. Here’s how: Buyer pursuing a For Sale by Owner: This is another example where a consultant, often working on an hourly...
There are many sources of aid available to U. S. Small businesses, Families and Individuals due to the economic injury caused by the Covid-19 Virus Pandemic. This guide is meant to assist with quickly identifying these opportunities. Programs are being introduced daily and this guide is not intended to be comprehensive: OVERVIEW OF SBA LOAN...
The American people are currently witnessing long overdue bipartisan support for the engine that drives our nation’s economy, namely small business. The Trump administration in conjunction with bipartisan support from a long divided Congressional Legislature, is currently providing $50,000,000 in specifically ear marked funds to the Small Business Administration (SBA) during this extreme national and...
The current coronavirus pandemic is creating hardship for business owners across our country and many segments of our nation’s economy. There is light at the end the tunnel for many due to the federal government’s Economic Injury Disaster Loan (EIDL) Program providing $50 Billion in Small Business Administration (SBA) loans to distressed businesses. While this...
How do business buyers and business sellers navigate these uncharted waters? Business Buyers Corona-sensitivity: Is the company in an industry that is “corona-sensitive” such as restaurants, bars, gyms or movie theaters? If it is unclear whether the business is corona- sensitive then include a contingency in your offer. In most deals contingencies are written to...
--Charts Path for Growth, Expanding Space, Hiring Additional Talent MINNEAPOLIS – February 20, 2020 – Sunbelt Business Advisors President Chris Jones today announced several promotions and new hires. “Sunbelt Business Advisors has experienced remarkable growth in this strong economy,” said Jones. “Now is a great time to sell a business, and many people are taking...
--Blue Horseshoe Acquisitions Now Owns St. Paul-Based Manufacturer MINNEAPOLIS – February 17, 2020 – Sunbelt Business Advisors President Chris Jones today announced the sale of St. Paul-based Stewart’s Forest Products to Blue Horseshoe Acquisitions. Sunbelt Business Advisors veteran Dan Mulvaney represented the seller in the transaction. Stewart’s Forest Products began as a family-owned business in...
You’re buying a business and have already “shook hands” on the deal. But there are some things you should insist on before you close. Negotiate a “letter of intent”: An LOI is a short agreement between the parties that spells out all the important terms and conditions of the sale. It will include the purchase price,...
