• Preferred lenders have been given the authority by the SBA to underwrite their own SBA loans internally and make the final credit decision, saving multiple weeks in the process. • Preferred lenders have a proven track record of successfully processing and servicing SBA guaranteed loans. Other factors determining their PLP (Preferred Lender Provider) designation...
I was meeting recently with a business owner who was concerned about being able to sell a business without any hard assets or employees. He was trying to determine the value of his business. The fact is, you don’t need to have a lot of hard assets or employees in order to have a business...
Our federal government is currently funded through September 30th. Unless our elected officials approve a new budget before this date, the government will shut down. The most recent shut down lasted 35 days between 12/22/18 and 1/25/19. M & A Advisors and Business Brokers need to be proactive about buyer financing activities when a potential...
--Will Benefit Buyers & Sellers of Small, Midsized, & Franchise Businesses MINNEAPOLIS – July 11, 2019 – Brian Slipka, Chairman and CEO of the Minneapolis-based business brokerage Sunbelt Business Advisors, today welcomed Sunbelt North Dakota and its President, Art Rosenberg, into affiliation. “Having bought and sold small businesses myself, I know the importance of having...
MINNEAPOLIS – July 31, 2019 – Sunbelt Business Advisors (“Sunbelt”) served as the exclusive financial advisor to Expert Insulation, Inc. and Expert Insulation of Brainerd, Inc. (collectively “Expert Insulation”) in connection with a sale to Installed Building Products, Inc. (NYSE: IBP). Specific terms of the transaction, which closed on June 24, 2019, were not disclosed....
Cash and Personal Assets as Equity Cash from savings is king in equity injections, but other sources can also be used. Assets that can be readily converted to cash, like stocks and bonds, are acceptable. A borrower can take out a separate, personal loan for the equity injection as long as “repayment [can be] demonstrated...
Expertise to Leverage and Benefit Upper Midwest Business Transaction Market MINNEAPOLIS – May 1, 2019 – Sunbelt Business Advisors today named Brian Slipka Chairman and CEO, effective May 6, 2019. Slipka comes from TCF, where he most recently served as senior executive officer of TCF Technology Finance and formerly as chief revenue officer of Winthrop...
MINNEAPOLIS, MN, April 11th, 2019 – Sunbelt Business Advisors (“Sunbelt”), served as the exclusive financial advisor to Maverick Blinds LLC. (“Maverick”) in connection with a sale to MCL Industries, Inc. (“MCL”). Specific terms of the transaction, which closed on March 6, 2019, were not disclosed. Founded in 2014 by Chad Stoll and Scott Gleisner, Maverick...
