A late April 2020 survey of over 300 small to lower-middle-market US-based companies shows one-third of respondents with Covid-impacted revenue being flat or up as compared with same period for 2019. Companies that have maintained or grown their historical revenue and profit during the Covid lockdown will be considered “pandemic-proof” and their valuations will reflect...
About True North Business Funding True North Business Funding provides financial consulting services to individuals considering business and or real estate acquisition ownership, business startups, equipment financing, SBA Express Lines of Credit etc. Our Specialist Can Assist With the Following Services at No Cost to the Borrower: SBA/Conventional Bank Loan Pre-Qualification Analysis Review buyer’s personal...
I have brokered the sale of many lawn maintenance/landscaping type businesses and am often asked to provide an opinion of value. The value of one business over the other can be far different even when they are similar in revenue size. Here are the key value drivers that owners should consider prior to selling their...
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...
