Limited Window for More Generous SBA Loan Terms

President Obama recently signed legislation that extends looser terms for SBA business loans; however, the extension is brief - only until the end of calendar year 2010. Key points:

1) raises the lending cap from $2 million to $5 million;

2) increases the government guarantee from 75% to 90%;

3) Waives fees.

For those prospective buyers who are hoping to utilize SBA financing to fund acquisitions, we strongly encourage you to secure a commitment letter prior to year-end. New legislation will be required in 2011 in order to maintain these more generous lending terms under the SBA program.

Welcome to the Bucks County Business Broker Blog

Greetings. My name is Gregg Hollmann and I am a Senior Business Broker with Sunbelt Business Brokers of Blue Bell. Specifically, I am focusing on the Bucks County, Pennsylvania territory. Our Sunbelt office also has listings in the greater Philadelphia area, as well as in southern New Jersey.

In the coming weeks and months, I will be sharing my perspectives to both potential buyers and sellers. Regarding sellers, Sunbelt can accommodate Main Street businesses that may be too small for other business brokers. Yet we also transact in middle market companies. Please contact me today for a free, no-obligation consultation about your prospective business listing.

Regarding buyers, now is a terrific time to be considering purchasing an existing business. First and foremost, valuation multiples are historically cheap. Specifically, for just 2 or 3 times sellers' discretionary cash flow, you can own your business (these businesses are often well-established and profitable). Downsized corporate executives seeking to seize control of their economic destiny are encouraged to view our listings. Buying an existing profitable business may be a lower-risked (and cheaper) strategy than starting a business from scratch. If you are not certain on the exact business that you should acquire, Sunbelt can provide you with direction.

I look forward to showcasing our inventory of current listings. The link below provides a summary presentation of our office's active listings.

http://www.sunbeltnetwork.com/listings/officeid/BLUEBPA001