Small business lending has experienced turbulence in recent years, as federal agencies and lending institutions try to stabilize the sector through meeting all of the needs of borrowers.
The webinar recording covers buying and selling a business with a focus on financing. Topics covered include: • A review of the current environment for business acquisition transactions • Best practices in listing your business for sale • Key steps a buyer should follow to find the ‘right’ business • The role financing plays in business acquisition transactions • Key … Read More
BoeFly makes it easier to obtain small business loans by reducing the time, cost, complexity, and inefficiency associated with small business lending. Its online matching technology connects small business borrowers with multiple lenders from among its over 2,200 participating banks, based on the lending profiles provided by the banks and the information provided in the borrower’s loan request. … Read More
The U.S. economy has shown signs of life in recent months, as consumer spending and the commercial real estate market continue to rebound from the Great Recession.
A new franchisee in Atlanta secured a loan through BoeFly, the online lending marketplace connecting business borrowers and lenders. In this case, despite the fact that the hair salon business was a start-up, the borrower secured an SBA loan to cover start-up costs such as building out their location and initial working capital. “What’s nice about a franchise deal, is … Read More
Fresh2Order, with five Atlanta locations, adding two more, is an emerging franchise brand that is constructing a strategy that will support their long-term growth plans. Leadership at the brand is committed to supporting its franchisees with efficient access to financing which is why they became a member of BoeFly, the lending marketplace that connects business borrowers and lenders. “They need … Read More
Small business lending has been relatively turbulent in recent years, and disbursement volumes continue to fluctuate.
The U.S. Small Business Administration has been highly active in the years following the recession, as the federal government continues to try to stimulate the economy through the nation’s smaller firms.
Here is a myth: incorporate your company and it will protect your personal assets when you borrow money. But in the real world you will be required to personally guarantee repayment of your loan. Moreover, you could lose everything you own, if you don’t make your payments. “There was one time where things were pretty bad,” an owner of a … Read More
Learn what a personal guarantee for a small business loan is and what it means to you and your business. You may not need to sign a personal guarantee for a business loan – or at the very least you may be able to mitigate the risk. Watch this video and hear from a panel of experts about personal guarantees … Read More