The number of small businesses being acquired this year is increasing as the healing economy begins its recovery from the recession.
Peter Siegel, the founder of BizBen.com, a website which lists around 7,000 small and medium sized businesses for sale said, “It really picked up in January. I think there was just pent-up demand. A lot more buyers have come into the market because the prices are so low, and they wanted to pick up some bargains.”
In January alone, 62 small and midsized businesses went through acquisitions in San Francisco. This is almost double to the 34 deals that took place during the same time in the previous year according to BizBen.com, which is based in Dublin, California.
The...
The role of a personal guarantee is to make sure that in the unfortunate event that your business fails, you will repay the debt because you as the owner have assumed personal responsibility.
This is necessary for most credit applications, and many creditors include this in order to protect themselves against any loan risks – but not all types of commercial credit sources require a personal guarantee.
B2B financing enables businesses to have access to a range of products and service with payment terms ranging from net 10 up to net 90 with no interest. This can be a great way to finance your business and a good way to get new businesses up and running.
Merchant cash advances allow you to receive...
The North Carolina State Secretary of Commerce, Keith Crisco and President of The N.C. Rural Economic Development Center, Billy Ray Hall, introduced the North Carolina Capital Access Program (NC-CAP), a $46 million loan fund.
The NC-CAP is administered by the North Carolina Rural Center and is made available through the 2010 Small Business Jobs Act. The goal for the NC-CAP is to allow financial institutions to provide loans to businesses who fall slightly outside of the standard underwriting guidelines.
Banks can then continue to make the loan decisions, but an additional fee of 2% to 7% will be charged on loans that are a part of the NC-CAP, depending on the risk of a specific loan. This fee...
GE Capital’s Commercial Distribution Finance (CDF) business announced a new financing initiative for dealers in the outdoor power equipment sector. This announcement comes just before the commencement of the Outdoor Power Equipment and Engine Service Association (OPEESA) Annual Meeting in Palm Beach, PL which is being held from February 27 – March 2.
The new initiative, named “Extra 60”, will increase standard supplier financing terms by 60 days. This program is designed to aid in the growth of the industry, as the country’s economical situation continues its slow recovery.
The Extra 60 promotion is available for new and current dealers that add a product or brand line and will...
The Santa Clarita Small Business Development Center received special recognition at the Los Angeles Regional SBDC 2011 meeting. In 2010, the Santa Clarita SBDC was awarded recognition for its consistency in producing results and helping small businesses and entrepreneurs to learn, compete and to grow. The Santa Clarita center was honored with special recognition for being the top performing center in 10 our of 12 months in 2010, in the two remaining months, it ranked second. In addition to this, the center was awarded for the highest number of jobs created. Clients and business owners who worked with the business center created 274.
The SBDC is responsible for introducing its clients to bankers...
The Rhode Island Small Business Development Center located in Johnson & Wales University has received a grant of $325,000. Located in Providence, R.I., the SBDC will use this grant to help expand its operations and financial offerings.
In a press release from Tuesday, Adriana Dawson, the associate state director of the SBDC said, “[We are] pleased with the additional capacity these federal funds provide, allowing us to extend further critical consulting support to struggling small businesses”.
This new funding will enable the SBDC to acquire approximately 125 new clients, they will be able to expand the Vets Helping Vets program and also expand the international trade program to expand...
The Community Reinvestment Fund, USA (CRF), a nonprofit organization that joins community-based and economic development lenders with the financial resources of Wall Street, has today announced that it has received $77 million in federal New Markets Tax Credit (NMTC) funds.
The CRF will apply these new NMTCs to fund more loans to various business that are located in low-income communities throughout the country in an attempt to help these businesses recover from the economic crisis.
The president and Chief Executive Officer for the CRF, Frank Altman said, “At a time when businesses must help drive economic recovery, capital availability continues to be a barrier to investment. This NMTC allocation...
Improved credit conditions and more confident borrowers has caused commercial credit in Connecticut to slowly begin improving.
The fourth quarter reports from Connecticut Business & Industry Association/Farmington Bank Credit Survey from 2010, showed that commercial borrowers had more optimism with regard to the ability to get credit since the second quarter of 2008 – prior to the global economic crisis.
The CBIA/Farmington Bank Current Credit Conditions Index is up 27.7 points from 16.5 points at the end of the fourth quarter of 2010. This index was at its highest level in the last ten quarters.
CBIA Vice President and economist, Peter Gioia said, “We still have a lot way to go to reach...
Neutra Corp. has filed a registration statement to complete a direct public offering. In the filing, Neutra is offering 3,000,000 shares of common stock, priced at $0.014 per share. The total amount of the offering, provided all of the shares are sold at the offering price, will amount to $42,000.
All of the proceeds that are generated from the sale of common stock is intended to be used in order to create the business and marketing plan. The expenses associated with this offering is approximately $8,500.00 and is being paid for by Neutra Corp.
Neutra Corp is a development-stage company which is incorporated in Sarasota, Florida. Neutra Corp has not established any business operations and to...
Circle Bancorp has filed an IPO. In their filing, they are offering a minimum of 1,905,000 and a maximum of 2,860,000 shares of common stock. The public offering price is at $10.50 per share. The offering is expecting to be between $20,002,500 to $30,030,000 depending on the quantity of shares that are sold at the offering price.
Circle Bancorp is a holding company which is incorporated under the State of California. Circle Bank, is a wholly-owned subsidiary of the company, and is an individual bank which has its headquarters in Novato, California. On September 30, 2010, on a consolidated basis, Circle Bank’s total assets were $317 million, loans were at $244 million and deposits were at...
