#local business listing


Local Business Listings

Can local customers find you? Let’s find out.

If you’re not listed, you could be missing out.

Local Listings is a highly effective way to expose your small business to valuable local customers. Unlike other places you might market your business, local listings sites are being used by people in your area who are ready to buy. In fact, research shows that over half of all local searches end with a purchase!

Directories in our ever-expanding network include:

Google Bing AOL Yahoo YP

People are searching. Will they find you?

How Does Webs Local Listings work?

You provide your details.

With our easy-to-use guided tool, you can enter your relevant business information in just a few moments.

We submit everything.

We will simultaneously submit the details you provided in the first step to over 100 local search directories.

New customers find you.

Once your details are listed, potential customers will see your small business ranked in their local search results!

Get listed in just 5 Minutes!

Webs Local Listings makes it easy to get your business listed everywhere online. Simply provide us some basic information about your business and how you would like it to appear in search results. We’ll handle submitting that information to over 100 local directories online, including Google, Yahoo, and YP.com

Create a free website

With a powerful free website builder and professional website templates. Webs can help you easily create the website you’ve always wanted to promote your small business, sell something online, or simply showcase your creativity.
Ready to get started? Get helpful tips for small business websites and more in our resource center.

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#apply for a business loan


How to Apply for Your First Business Loan

Continue Reading Below

Unless you plan to fund this enterprise solely with savings—not recommended unless you are fabulously wealthy—you’ll need a business loan. As any lender can tell you, the better prepared you are before making your request for business credit. the greater the likelihood of getting approved.

Part of this preparation is understanding what bankers will need to approve you. Banks make a major portion of their profits from loans. They’re not in the business of saying no; they just say it when your application doesn’t meet lending requirements, which are much stricter now than before the financial crisis. But be aware that start-ups are almost always considered risky bets, and many lenders are reluctant to finance them. Also know that many larger banks won’t even consider small loans, which are less profitable than larger loans but require the same amount of time to analyze and administer.

Don’t let these discourage you. Get organized. How small is small? According to the Small Business Administration (SBA), the median small business loan from a financial institution is roughly $135,000, with highest around $250,000. SBA loans, which are not underwritten by the US Government but by SBA partners (lenders, community development organizations and microlending institutions), range from $5,000 (a microloan) to $5 million, with the average around $371,000.

Do Your Homework So what exactly are lenders looking for? Basically, they’re searching for clues that your business will be able to repay the loan, plus interest, with metronomic regularity. Most financial institutions will expect the loan to be fully secured. either with business assets or personal collateral. Having some skin in the game, meaning you have your own equity invested in the business, strongly works in your favor.

Lenders also will be looking at opportunities to profit from your success, so as your business grows, so will your business relationship. The buzzword in banking circles these days is cross-selling, so your business loan provider may also seek to be the issuer of your business’s credit cards and holder of your treasury accounts. Lenders will also be looking at you—your personal finance record, your credit score. your assets, your work experience, and your character. If you’re starting a business for the first time, having partners with the experience and track record that you lack may also be a requirement.

Continue Reading Below

The Questions You Need to Answer Once you’re ready to make your request, ask the financial institution for the documentation it requires. Then, be prepared to answer the questions, in depth, on the right side of the chart. Once you’re ready to make your request, ask the financial institution for the documentation it requires. Then, be prepared to answer the questions, in depth, for each of the categories listed below.

Purpose: What will the funds be used for? (Note that banks won’t lend for speculating, passive investments, pyramid sales or gambling.)

Amount: How much money do you want to borrow? Why that particular amount? Term and

Repayment Plan: For how long will you need the money and what is your specific plan for repayment?

Collateral: What assets, business or personal, do you intend to use as collateral? What is their market value? What portion of their value can you use as collateral?

Asset and Liability Statement: Your current, complete business asset and liability financial statements (your balance sheet).

Current Income and Financial Performance Statement: Your current, complete business statement of income and expenses (your profit and loss statement, or P L).

Business Plan Details: Your written plan for your business including goals and action steps, timetable, resource allocation, funding required, and related financial data. You may be asked for cash flow projections for at least a year.

Historic Financial Performance Information: Past business financial performance information under your ownership or under the previous owner’s ownership.

Other Information As Required: Information about you (your C.V. your loan Guarantor—someone who will pledge his/her assets and financials to guarantee repayment of the loan should you default. Guarantors can be a legitimate tipping point factor in getting a “yes” to the credit request.

If You’re Turned Down What do you do if you get a no? Don’t give up. Pursue the reasons for the rejection. Was it a procedural thing—a missing piece of information on the application—or something else? Then ask what would it take to get a yes.

You can then either alter your request accordingly and resubmit it, or take it elsewhere. If you keep hitting a brick wall, consider alternative sources of funding. Many entrepreneurs seek out financing from family and friends. Some use their available credit from credit cards or home equity lines of credit to finance their businesses.

If your no comes from a commercial bank, consider community banks and credit unions, many of which specialize in small business loans. You may also want to look into alternative sources of business credit, like Kabbage.com, which offers cash advances of between $500 and $50,000 to businesses that already have a performance record, such as online sales. If you do decide to go online to fund your business, be sure you understand all of the terms and conditions of the financing, as they can differ from conventional small business loans.

#business financing options


5 Small Business Financing Options for Startup Entrepreneurs

Credit Cards

According to a 2012 National Federation of Independent Business (NFIB) study [click the image above for the full infographic], 79% of small business owners used credit cards to start or grow their business. That says a lot about the significance of using credit cards to capitalize a small business.

According to another study (PDF) conducted by Keybridge Research, the use of business credit cards to start or grow a small business has tremendous positive effects on the business and the economy as a whole. The study found that the expansion of credit card lending between 2003 and 2008 contributed to the creation of 1.6 million jobs and for every $1,000 of business credit card use, a $5,500 increase in revenue was experienced by the small business.

The bottom line is that about 4 out of 5 small business owners will be using credit cards.

Founders of Google, Larry Page and Sergey Brin, did it in the early days. Most other successful business owners have done it as well. It’s like anything else in that, you can use credit cards the right way or the wrong way. So plan this like you do your business.

I like what T. Boone Pickens says about planning. He said:

“A plan without action isn’t a plan. It’s a speech.”

Don’t make a speech about using credit cards, make a plan. Places like Lendio and NCH Capital help a lot of business owners learn how to use business credit cards to grow their businesses.


Microloans are small loans typically issued to borrowers who are low income earners or have less than perfect credit and do not qualify for traditional bank financing.

According to the Microfinance Information Exchange, MicroBanking Bulletin Issue #19. nearly 74 million entrepreneurs across the world have microloans that are equal to a combined total of $38 billion U.S. dollars (as of 2009). Statistics vary but most microlenders report that between 95 99% of their loans are repaid. Kiva.org has over a 99% repayment rate this month alone.

Repayment rates suggest that small businesses have experienced a significant level of success as a result of obtaining microloans. Furthermore, according to a recent survey (PDF) conducted by Accion U.S. Network, 42% of survey respondents said their business income increased (between 2010 2011) as a result of a microloan.

Personal Savings

This is the #1 small business financing option for most people who find that they don’t qualify for credit cards, microloans, or any other type of “traditional bank financing.”

This is a great way to get started. If you don’t quality for things like business credit cards or traditional bank financing, then you may want to take the appropriate steps to correct any credit issues that may be part of the problem. We would all like to have more financing options in the future as we grow our businesses. If you’re like millions of other business owners with less-than-perfect credit, then do something about it.

Resources like Creditera are invaluable as it is currently the only credit monitoring platform that allows business owners to monitor both business and personal credit in one place.

The 3 F’s: Family, Friends and Fools

This is a great example of how the small business financing options are different for everyone. For some people, that list of possible investors from their friends and family is a long one. For others it’s, well, a short list shall we say.

Often times it is difficult to obtain financing from family and friends because they may not fully understand the business or believe it will succeed. You will really need to do what it takes to convince them the business will be lucrative and successful to get them to invest.

Entrepreneurs are famous for over-selling their cool ideas to their Uncle Louie and then seeing things not work out. If you do accept an investment from a friend or family member, then I suggest using something like ZimpleMoney. Whatever you do, be sure to treat your friends and family no different than you would a savvy angel investor. They deserve updates, communication and to be one of the first phone calls when there is a problem.

You should treat them as the partner you allowed them to become when you accepted their check. As for the fools I’ll leave that one alone.

Retirement Accounts

This small business financing option is highly popular for entrepreneurs who want to purchase a franchise. In order to use your retirement account to fund your business, you would use the Rollover for Business Startup (ROBS) Strategy.

This strategy is slightly complicated so you’ll want to consult with an expert such as Benetrends or Tenet Financial Group. It consists of forming a C Corporation and rolling your current retirement plan over to the new corporation’s retirement plan. It’s a relatively complex strategy. So don’t try it on your own and do your due-diligence. The term ROBS actually comes from the IRS ROBS compliance project.

ROBs strategies are common but are right up there as the most risky ways to finance a business along with Home Equity Lines of Credit and using personal savings. Again, in the event that your business fails, you likely lose your nest egg or whatever portion of it you “rolled over.”

I probably side with my friend Joel Libava, The Franchise King, on this when I say that I don’t think of franchisees as “full-fledged,” 100% entrepreneurs. I also cannot negate what my other good friend, Rieva Lesonsky, says when she argues, very respectfully, that franchisees take a lot of risk in buying a franchise. Especially a less established franchise.

When franchisees “roll over” their nest egg and start a franchise they totally get my respect and they clearly are taking a risk. I guess for me, I can’t get past the part about following directions and needing to get permission from the franchisor for many business decisions that an entrepreneur would not only make, but would make quickly, and he/she would laugh at the thought of needing someone’s permission.


Successful business owners all have one thing in common. They take action. They execute.

Mistakes and failures come with the territory, so learn your options, move forward, and accept that there will be lessons to learn along your road to success. Figure out which small business financing option is best for you and your dream.

Tom Gazaway is Founder and President of LenCred. His expertise is in helping small business owners who are in the first two years of business to properly obtain business financing that separates their personal and business credit while also protecting, preserving, and improving their credit profiles. Tom blogs on the LenCred blog, The Business Finance Lounge.

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Thanks for the mention.

I m 100% okay with folks using a PORTION of their retirement savings to buy a franchise.

They need to make sure it s done right, though. The paperwork involved must be perfect. And, several other things need to line up. the right age, enough back-up money, etc.

Great article, Tom

The Franchise King®

Thanks Joel. It s great to have you clarify your position on this.

I think the part I liked the most about your comments was when you said, make sure it s done right. When a franchisee or other type of small business owner works with a qualified representative from a reputable company like the ones I mentioned (or other company that meets those criteria) and uses a ROBS strategy then it can be an excellent way to bring your dream to reality.

Thanks again Joel.

I guess most startup entrepreneurs always go with the three F s or with loans. But then again, there are always the safe players who invests their existing savings. I would like to see some unconventional ways to generate some money for startup.

#business opportunities


Business Opportunities

Browse our Business Opportunities listings to find exciting business and investment opportunities in Africa.

Looking to grow your business in Africa? Promote your company s Distribution, Franchise and general Business Opportunities to How we made it in Africa s 100,000 monthly visitors. Click here for more information about listing an opportunity.

Opportunity to distribute a range of duty-free products.

Type of Opportunity: Distributor / Agent / Reseller

Distribute computing carry cases and mobile accessories throughout Africa.

Type of Opportunity: Distributor / Agent / Reseller

Maritz Africa disclaims all liability for any loss, damage, injury or expense however caused, arising from the use of, or reliance upon, in any manner, the information provided through this service and does not warrant the truth, accuracy or completeness of the information provided. The publisher’s permission is required to reproduce the contents in any form.
Copyright © 2016 — Maritz Africa. All Rights Reserved.

#small business investment


Small Business Investment Companies (SBICs) are privately managed for profit investment funds that use privately raised capital and guaranteed SBA loans to provide long-term loans and equity investments to qualifying small businesses. Because SBICs seek attractive net returns for their private investors, SBICs use their own investment criteria and processes to make investment decisions. SBA has no influence over SBIC investment decisions.

SBIC financing may not be appropriate for all types of businesses and financing needs. Please visit Is SBIC Financing Right for your Business. If you decide to seek SBIC Financing, How Should You Seek Financing from an SBIC? provides some tips for approaching SBICs in the SBIC Directory.

If you decide that SBIC financing is not appropriate for your business, the SBA offers a wide variety of financial assistance programs designed to suit the varied needs of America’s small businesses. To learn more about other financing options available through SBA, refer to the Loans and Grants section or call 1-800-UASK-SBA (1-800-827-5722). SBA’sIntroduction to Venture Capital Other Financial Assistance is another great resource to help you identify capital sources.

Note: The above information is intended primarily for small business owners seeking financing for their business. For current SBICs, applicants, limited partners, and others interested in the SBIC program, please refer to theSBIC Program Home Page.

#how do business loans work


Small Business Loans: How They Work and What You Should Know

Small Businesses are increasing their payrolls, but hours worked and wages earned are down slightly. Photo: Reuters

For small business startups, knowing how loans work and getting them are absolutely crucial.

Many entrepreneurs, however, wait until the last minute to think about loans and prefer to dwell on grandiose plans, never mind that they often need loans to fund those plans.

Asking for loans is “unpleasant; it’s like asking your dad for the car keys,” said Charles H. Green, Executive Director at the Small Business Finance Institute and author of The SBA Loan Book .

Small businesses should start this “unpleasant” process early, however, partly because it could prove to be long and difficult.

One entrepreneur Green encountered secured his loan at the 60th bank he approached.

While this might be an extreme example, small business owners often need to try at more than one bank to get a small business loan.

During the process of dealing with a bank, moreover, they may be asked to provide additional documents they previously did not anticipate needing.

Green stressed that small business owners need to be patient in this entire process.

Banks Want Their Money Back

In making any small business loans, the goal of the bank is to get its money back. Even if the loan is made through the Small Business Administration (SBA), it is still a bank that ultimately risks its capital.

Banks usually get their money back from the borrower’s revenues. If that is not possible, banks can also get their money back from selling assets pledged as collateral or from the small business owners personally.

Therefore, besides documents relating to the business projections, banks may often request documents relating to the personal finances of the small business owner and whatever assets that can be pledged as collateral.

Backing up Projection Numbers

Regarding business projection numbers – that is, assessing the probability of repayment from borrower revenues – it is all about justifying those numbers, preferably with facts, said Green. For existing businesses, that may mean financial statements.

Some of the hard questions a lender may ask include:

*How many customers do you need?

*How do you find them?

*Who are satisfying these customers already?

*Why would they feel compelled to buy from you?

*What is your capacity to deliver those products?

*What is the cost to deliver those products?

Learning from Mistakes

Sometimes, the best efforts of small businesses to secure a loan are not good enough.

When rejections happen, Green recommended turning them into learning lessons. Often times, if the small business owner manages to remain calm and polite, he can get candid responses as to why he was rejected.

These explanations often turn into keys to successfully securing a loan from another bank in the future.

Choosing the Right Banks

Other times, though, a rejection from a bank has nothing to do with the borrower at all. That is, a lender may not have any money to lend.

Therefore, Green recommended that small businesses avoid banks under consent agreement with or issued a cease and desist order by the Federal Deposit Insurance Corporation (FDIC).

Generally speaking, smaller banks have more flexibility in their lending standards while bigger banks usually offer cheaper rates, added Green.

#online business games


Real Life Survival Game 3rd World Farmer

Rating. 7.8 / 10 – 22031 votes

3rd World Farmer is a serious-thought-provoking online game and business strategy simulation activity for high school teens and college students where you have to manage an impoverished farm in a dried out desert area of Sub-Saharan Africa. This is an exceptional survival role-playing game online, and gives you a striking, first-hand insight into extreme rural poverty, and the hardships and challenges faced by the millions of starving, struggling farmers and families of developing nations. In 3rd World Farmer, you have to make tough moral and survival decisions in order to provide for your underprivileged family, while enduring droughts, disease, poverty, corruption and war. How ethical will you be when you desperately need to pay your rapidly-ailing family’s food and medical bills? Will you accept virtual money to survive in return for storing chemical waste, and even housing terrorists?

The Deal: Your proactive mission is to help the head of the family turn this small farm in a developing nation into a commercial success. You must carefully budget and decide which crops to grow each year to sustain your family, and grow. There are several crops to choose from (corn, wheat, cotton and peanuts), and some prove more risky than others, providing potentially large earnings or huge losses. Make enough profit to invest in the necessary tools such as ploughs, harvesters and tractors to improve your crop yields. Increase your capital by investing wisely in essential buildings such as sheds, wells and barns. But remember, all investments have associated risks; wells can dry up, barns can be destroyed, and livestock may be stolen. Remember also Do not become too greedy! You must first prioritize your family’s health, or they may weaken, and be struck down by a deadly disease!

How to Play: Each year you must decide which crops to grow on your restricted budget. Use your computer mouse to select and buy crops, livestock, tools and buildings. Left click in the upper left corner of the game screen, and then drag and place the crops in your field. Left click your mouse again on a family member in the center of the screen to administer medicine and other options. When you have bought all your items for the season, click the “Right Arrow” in the top right corner of the screen to forward your circumstances one year in time. You then receive an annual report of how your farm has performed.

To succeed, you need to display good business acumen and strategic thinking skills to help ensure that your family, farm and community is safe and prosperous into the future. Carefully strategize and invest in “Communications” to coordinate sales with other farmers, “Infrastructure” for easier access to markets and “Crop Insurance” to give your family an income when your crops fail. Support a local “School” and “Clinic” for improved health and education services in your area. Donate to a local “Politician” who genuinely works for peace, health and prosperity for all. This will help benefit the long term well-being of the entire nation. When you have succeeded in purchasing the six above mentioned items, you win. Good luck with your new farming venture and survival challenge!

Discuss this interesting, thought-provoking game on the Learn4Good Games site with your friends, family and teacher! Whatever side of the fence or ocean you find yourself, you might take time to ponder how One world has a Third world.

Hello! If you’ve already told some friends in school or on social media about this game or Learn4Good Games, thank you so much! If you are going to tell your best friends, thank you in advance! You & your playing friends help to make this game site possible! We add new games almost every day, and look forward to bringing you more top games very soon. Some helpful links to share include Top 100 Games. Top New Games & Latest Games. Enjoy!

3rd World Farmer players also like to play these games on Learn4Good:

2003-2016 Learn4Good Ltd: Fun Online Games for Kids

#the small business administration


Records of the Small Business Administration [SBA]

Overview of Records Locations

Table of Contents

  • 309.1 Administrative History
  • 309.2 Records of the Small Defense Plants Administration 1951-53
  • 309.3 General Records of the Small Business Administration 1954-68
  • 309.4 Records OF SBA Field Offices 1955-82
    • 309.4.1 Records of SBA Region I, Boston, MA (CT, ME, MA, NH, RI, VT)
    • 309.4.2 Records of SBA Region V, Chicago, IL (IL, IN, OH, MI, MN, WI)
    • 309.4.3 Records of SBA Region VI, Dallas, TX (AR, LA, NM, OK, TX)
    • 309.4.4 Records of SBA Region X, Seattle, WA (AK, ID, OR, WA)
  • 309.5 Motion Pictures (General) 1953-87
  • 309.6 Video Recordings (General) ca. 1969, ca. 1975, 1980-89
  • 309.7 Sound Recordings (General) 1980
  • 309.8 Machine-Readable Records (General) 1968-91 6 data sets

309.1 Administrative History

Established: As an independent agency by the Small Business Act (67 Stat. 232), July 30, 1953.

  • Small Defense Plants Administration (1951-53)

Functions: Provides financial assistance to small businesses and investment companies and to state and local development companies. Licenses and regulates small business investment companies.

Finding Aids: Forrest R. Holdcamper, comp. Preliminary Inventory of the Records of the Small Business Administration, NC 71 (Sept. 1964).

Related Records: Record copies of publications of the Small Business Administration and its predecessor in RG 287, Publications of the U.S. Government.

309.2 Records of the Small Defense Plants Administration

History: Established by the Defense Production Act Amendments of 1951 (65 Stat. 131), July 31, 1951, to encourage small businesses to contribute to defense production. Abolished, effective July 31, 1953, by the Defense Production Act Amendments of 1953 (67 Stat. 131), June 30, 1953. Liquidation activities and prime contract administration transferred to the SBA by the Small Business Act of 1953, and EO 10504, December 1, 1953.

Textual Records: General correspondence, 1951-53. Sample case files relating to tax amortization, materials and equipment, contract procurement, certificates of competency, loans, and joint determination, 1951-53. General subject files, 1951-53. Records of Director of Contract Procurement Charles H. Swisher, relating primarily to the ammunition program, 1951-53.

309.3 General Records of the Small Business Administration

Textual Records: Administrative subjects files, 1953-72 (372 ft.). Administrative and correspondence files of the Administrator, 1982-83. Personal subject files of Administrator James C. Sanders, 1983-84. National directives, 1965-75 (300 fiche). Sample case files relating to applications for business loans that were declined, canceled, or withdrawn, 1954- 55. Minutes of meetings, and conference proceedings, of the National Advisory Council and of regional and state advisory groups, 1954-68. Advisory Council files, 1969-70. Minutes of the Loan Review Board, 1953-56. Research reports from SBA sponsored studies, 1961-62.

309.4 Records OF SBA Field Offices

309.4.1 Records of SBA Region I, Boston, MA (CT, ME, MA, NH, RI, VT)

Textual Records (in Boston): Advisory Council records maintained by the Concord, NH, District Office, 1971-74.

309.4.2 Records of SBA Region V, Chicago, IL (IL, IN, OH, MI, MN, WI)

Textual Records (in Chicago): Advisory Council records maintained by the Chicago District Office, 1974-77.

309.4.3 Records of SBA Region VI, Dallas, TX (AR, LA, NM, OK, TX)

Textual Records (in Fort Worth): Advisory Council records maintained by the Dallas, TX, Regional Office, 1972-82. General correspondence of district and community advisory councils, 1967- 70. Records relating to Disaster Field Offices, 1955-69.

309.4.4 Records of SBA Region X, Seattle, WA (AK, ID, OR, WA)

Textual Records (in Seattle): Advisory Council records maintained by the Boise, ID, District Office, 1966-72.

309.5 Motion Pictures (General)
74 reels

Informational and instructional films for prospective small business owners, covering such areas as advertising, marketing, employee relations, women in business, customer service, financial analysis, cash flow forecasting, recordkeeping, and theft prevention (75 reels).

309.6 Video Recordings (General)
ca. 1969, ca. 1975, 1980-89

Pension, made for information and training, ca. 1969 (1 item). Your Business Resource, explaining SBA mission and functions, ca. 1975 (1 item). Office of Advocacy productions, 1980-89 (25 items).

Structuring a State’s Small Business Program, 1980 (3items).

309.8 Machine-Readable Records (General)
6 data sets

Loan Accounting Cash Collection System (LACCS) data files for the period 1968-88 and for fiscal years 1989 and 1990, consisting of public domain files and unsuppressed ( archives ) files, with supporting documentation.

Bibliographic note: Web version based on Guide to Federal Records in the National Archives of the United States. Compiled by Robert B. Matchette et al. Washington, DC: National Archives and Records Administration, 1995.
3 volumes, 2428 pages.

This Web version is updated from time to time to include records processed since 1995.

Guide to Federal Records

#business acquisition loan


How to use the SBA for business acquisition financing

Most businesses have intangible assets that are difficult to value and nearly impossible to collateralize. You will hear terms like “blue sky” or “goodwill” to describe these assets.

Due to the more flexible collateralization standards associated with U.S. Small Business Administration (SBA) loans, these assets can be financed along with the more tangible assets that are a part of the business acquisition. This is just one reason why a business owner should consider an SBA loan for a change of ownership or business acquisition, over a conventional loan.

Smart Business spoke with Romona Davis, vice president of SBA Commercial Lending at Ridgestone Bank. about the advantages of utilizing the SBA for business acquisition financing.

Beyond flexible collateralization standards, why else are SBA loans more attractive?

Conventional loans for business acquisitions are based on a three- or five-year term. This can make it tough for the business to meet the debt service requirements of most lenders. Utilizing an SBA loan, the acquisition can be stretched out over seven or even 10 years. This lowers the payments and makes it easier for the borrower to hit the debt service targets of the lender.

Stretching out the amortization of the loan also frees up additional cash flow for the new owner of the business. He or she may then use that cash flow to invest in marketing, implementation of new initiatives or adding a product line. Cash flow is king.

In addition, long-term amortization can help with the ebbs and flows of business that inevitably arise. If you are in a downslope when a three-year conventional loan becomes due, the bank might put you in forbearance or impose monthly renewal fees. With the SBA, you have something in place long term.

Is seller financing sometimes involved in a business acquisition?

Yes, quite often. With SBA financing of a business acquisition, a seller’s note can be used as a portion of the required equity injection.

Typically, lenders in a business acquisition scenario prefer a 25 percent equity injection from the borrower. This can be a tough requirement for many borrowers. If the seller agrees to hold back a note, and it is structured correctly, that note can be counted as part of the borrower’s equity injection, thus making it easier to come up with the needed equity.

Also, the sellers are often sole proprietors or family businesses and they want to see their legacy carried forward. Keeping the seller engaged assists the buyer in making the transition and assures the bank there is a team in place that can make it longer term.

What was the change the SBA made to its ownership rules and why?

The SBA removed the liquidity requirement a few years back. Without that requirement, the SBA made it possible for businesses with owners who have strong liquidity to obtain financing through an SBA loan. Removing the liquidity requirement allows borrowers who may not have good liquidity to bring an equity partner who has liquidity to the table to help them get an approval.

The reason the SBA made this change was to provide borrowers more flexibility in how they can structure their business when they seek SBA financing.

When business owners use an SBA loan for a business acquisition, what do they need to understand about the lending process?

Business acquisition loans are complex. Anyone who is considering utilizing bank financing for a business acquisition should engage his or her banker early in the process. Ideally, before you even start negotiating with the seller.

Your banker can advise you on areas where you can be flexible in negotiation and areas where you need to be less flexible. He or she also can alert the buyer to some of the pitfalls to avoid.

Since a lot of information will be needed from both parties, the sooner documents are provided, the easier the process becomes. Also, be sure there is open and honest communication from the start. Don’t leave any surprises to the end, or your financing can be delayed or compromised.

Always make sure you are dealing with a lender who has SBA experience and a bank that is a preferred lending partner with the SBA.

Equal Housing Lender. Member FDIC

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#home business ideas


Home Based Business Idea

One of the most economical ways of starting up is a home based business idea. What business idea is right for you? The best business for you is one you love and to which you are prepared to make a major commitment.

Many small-business owners describe starting a new business as more demanding than having a new baby – you have to be prepared to give it your full energy, time, and attention at any time of the day or night.

If you are thinking about a home based business idea, you re not alone. Home based businesses are some of the most frequently searched on Bplans.com. Each section below includes sample business plans, business-planning tools, startup kits, and other online resources that are specific to this business idea.

From consulting businesses to personal services to pet care to yard care to computer care, home based business ideas are one of our most frequently searched startup category. The following resources can help you turn your idea into a reality.

Sample Home Based Business Plans
We have 35 different sample plans for home based business ideas, from online administrative assistants to bed breakfasts to Tarot readers to wedding planners. All are plans for business ideas based in the owners homes, and 12 of these home based plans can be read in full online. See the full list of sample plans .

Start a Home Based Business Resource Page
Our start-a-home based business page contains a variety of resources and other tools that will help you effectively write a home based business plan and get your business going.

Business Startup Articles
No matter which direction you are thinking about pursuing, the following articles give you general tips and strategies to help you get started with your business idea.

The Right Business for you by Nolo
If you want to work for yourself, but don’t have a particular business in mind, you’re probably wondering what kind of business you should start. Fortunately, the answer is always the same: start a venture you know

Top 15 Questions from SCORE
Research of successful entrepreneurs has documented that successful small business people have certain common characteristics

Business Startup Strategy
would-be entrepreneurs do a business plan. As a result of completing the plan you will be much better prepared and know whether or not your business idea is feasible

I agree with you Steve, your home based business plans are really make sense. Start our own home based business has become a new version of the American Dream. Especially during this economic turbulent period anything whatever can cut expense or earn some extra income is a life safety buoy.

Other than providing tangible services online or offline. Have you ever think of selling your knowledge online?

Don t you realize that knowledge is more valuable. Everybody knows about something, care about something even your hobby is a knowledge. You can turn your expertise into an income.

A book Make your knowledge sell teaches more about how to monetize your knowledge which is a free book and you don t have to purchase anything to do that.

Wish you have a nice day

This sounds fabulous, could you please send me as much information as possible

I aggree with Steve to Mr Tanny, great theary by the way. I have looked over some of this stuff, this is a great website, lots of great information here, that is usefull to the beginner or expect, GREAT JOB Steve. Open your ears everyone this fellow knows some thing for sure. EDUCATION SELF MOTAVATION Folks. Good job Steve.

I was reading through some of your content on this website and I believe this internet site is really informative. Retain putting up.

How LivePlan makes your business more successful

If you re writing a business plan you’re in luck. Online business planning software makes it easier than ever before to put together a business plan for your business.

As you ll see in a moment LivePlan is more than just business plan software though. It s a knowledgable guide combined with a professional designer coupled with a financial wizard. It ll help you get over the three most common business hurdles with ease.

Let s take a look at those common hurdles and see how producing a top notch business plan sets your business up for success.