CLICK HERE to view our October 2010 seller newsletter and learn how to prepare your business for sale in this market...
Tuesday, November 16, 2010
Monday, November 15, 2010
October 2010 Buyer newsletter available...
CLICK HERE to view new listings, featured listings and informational resources about buying a business.
Check Out... Small-business lending rises 30 percent in Indiana
By Franscesca Jarosz
IBJNews (IBJ.com)
Nov. 13, 2010
The amount of money banks loaned through U.S. Small Business Administration programs shot up close to 30 percent in Indiana this year - a sign that the state's small businesses have slowly started coming back to life.
Small companies are taking out more SBA loans not just to fund operating costs, but also for capital projects such as expansions. Entrepreneurs also are investing in startups, which accounted for about a quarter of the SBA loans issued in the fiscal year 2010 that ended Sept. 30.
To read more... click here.
IBJNews (IBJ.com)
Nov. 13, 2010
The amount of money banks loaned through U.S. Small Business Administration programs shot up close to 30 percent in Indiana this year - a sign that the state's small businesses have slowly started coming back to life.
Small companies are taking out more SBA loans not just to fund operating costs, but also for capital projects such as expansions. Entrepreneurs also are investing in startups, which accounted for about a quarter of the SBA loans issued in the fiscal year 2010 that ended Sept. 30.
To read more... click here.
Tuesday, September 14, 2010
Check out our newsletters - great resources for buyers, sellers and professional advisors.
There's something for everyone...
Click here ...
to view our August 2010 Buyer's newsletter - useful articles and a listing of featured and new businesses for sale.
to view our September 2010 Seller's Eye on the Market newsletter - great articles about the business sale process exit planning strategy and current market trends.
Click here...
to view our September 2010 Deal Advisor newsletter - news and information about the business sale process for business advisors.
Click here ...
to view our August 2010 Buyer's newsletter - useful articles and a listing of featured and new businesses for sale.
to view our September 2010 Seller's Eye on the Market newsletter - great articles about the business sale process exit planning strategy and current market trends.
Click here...
to view our September 2010 Deal Advisor newsletter - news and information about the business sale process for business advisors.
Monday, September 13, 2010
Check out... SBA Program Proves a Hit, but Now It Is in Limbo - WSJ.com
By Ruth Simon
August 5, 2010
WSJ.com
Pinnacle Bank made just two loans through the Small Business Administration in 2007 and 2008. So far this year, the Orange City, Fla., bank's total is nine, to borrowers from an auto dealer to a computer-equipment wholesaler to a bakery.
"The SBA program ios the only way we can continue to lend right now," says David Bridgeman, president of Pinnacle, which has two branches and assets of $213 million, including about 600 loans. For many of the $3.4 million in loans Pinnacle made through the SBA in 2010, the bank has to set aside capital against only the 10% slice that isn't guaranteed by the U.S. government.
The 7(a) program, the SBA's largest loan program, is hardly a cure for the credit shortage affecting the many borrowers. The agency is involved in less than 10% of all small business loans, and some banks won't participate because of red tape. Lenders must follow the SBA's rules when making 7(a) loans, which can be used for working capital, fixed assets and other business expenses. The term of the loan can be as long as 25 years.
Last year, Congress temporarily sweetened the 7(a) program by increasing the SBA guarantee to 90% of any given loan from as little as 75% previously. Lawmakers waived fees costing borrowers as much as 3.5% of the loan amount, as well as costs charged in a separate SBA program providing structured financing for fixed assets.
But the sweetened program is now in limbo, drawing from borrowers and lenders, as lawmakers haggle over broader small-business legislation...
to read the full article... click here.
August 5, 2010
WSJ.com
Pinnacle Bank made just two loans through the Small Business Administration in 2007 and 2008. So far this year, the Orange City, Fla., bank's total is nine, to borrowers from an auto dealer to a computer-equipment wholesaler to a bakery.
"The SBA program ios the only way we can continue to lend right now," says David Bridgeman, president of Pinnacle, which has two branches and assets of $213 million, including about 600 loans. For many of the $3.4 million in loans Pinnacle made through the SBA in 2010, the bank has to set aside capital against only the 10% slice that isn't guaranteed by the U.S. government.
The 7(a) program, the SBA's largest loan program, is hardly a cure for the credit shortage affecting the many borrowers. The agency is involved in less than 10% of all small business loans, and some banks won't participate because of red tape. Lenders must follow the SBA's rules when making 7(a) loans, which can be used for working capital, fixed assets and other business expenses. The term of the loan can be as long as 25 years.
Last year, Congress temporarily sweetened the 7(a) program by increasing the SBA guarantee to 90% of any given loan from as little as 75% previously. Lawmakers waived fees costing borrowers as much as 3.5% of the loan amount, as well as costs charged in a separate SBA program providing structured financing for fixed assets.
But the sweetened program is now in limbo, drawing from borrowers and lenders, as lawmakers haggle over broader small-business legislation...
to read the full article... click here.
Wednesday, September 1, 2010
Sold Another Retail Business!
Compliments to Dick Parks, Business Broker, and to Brian Knoderer, Senior Partner with Sunbelt Indiana, on the recent successful sale of a Central Indiana Ace Hardware! Good job Dick & Brian!
And Congrats to the new Owners!
To find out more about selling a business, buying a business, business value, or exit strategy planning for the future, give us a call at 317.573.2100 or email indyinfo@sunbeltindiana.com.
And Congrats to the new Owners!
To find out more about selling a business, buying a business, business value, or exit strategy planning for the future, give us a call at 317.573.2100 or email indyinfo@sunbeltindiana.com.
Tuesday, August 31, 2010
ANOTHER SUCCESSFUL BUSINESS TRANSACTION!
Sold a Business - Tobacco Express
Tim Koger, Business Broker at Sunbelt Indiana, has sucessfully marketed, and assisted in the transaction negotiations for Tobacco Express in Indianapolis, Indiana. Congratulations to the new owner, Jason Stahl.
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