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What do you think of the new Obama stimulus to small business? Will it now be easy for buyers to get financed?

I was thinking about selling but heard no deals are getting financed. Is that true? Will the money Obama announced for buying SBA loans help? Should I wait to sell? Really appreciate any advice you can give me. Thanks.

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Answers (1)
Andrew Cagnetta
Transworld Business Brokers, LLC.
FL
Premium Broker

Any plan to get money flowing to the small business economy is great. However a new rule in the SBA's March 1 SOP limited goodwill financing that will hurt loans for business acquisitions. Depending why you need to sell should govern your timing. It is a good time to sell if you are making money as many buyers need to "buy a job". In the end, it is always difficult to time a market. Let the other motivations in your decision weigh your actions.

Mar 18, 2009