Hospitality Business Expert Spoke Aug. 29 to GABB

Leonard Jackson, a professor in the Cecil B. Day School of Hospitality Administration  and the Enterprise & Innovation Institute at Georgia State University's J. Mack Robinson College of Business, spoke to the Georgia Association of Business Brokers on Aug. 29. Hear a recording of Dr. Jackson's presentation here. The lodging franchise … [Read more...]

How Business Brokers Can Close A Deal Faster

Susan Kite, Vice President of SBA Lending for The Brand Bank moderated a panel of SBA lenders for the GABB April 25 meeting. She offers these suggestions to business brokers on ways to get a deal closed faster. Get Seller Information as quickly as possible after signing a listing agreement. That information should include: Last 3 years’ … [Read more...]

How to Get Approved for an SBA Loan to Buy a Business-April 25 GABB meeting

You've either got a business to sell, or want to buy a business. So getting an SBA loan may be the key to closing the deal. How do you make sure that the loan is approved, whether you're the buyer or the seller? On April 25, a panel of SBA lenders convened at the Georgia Association of Business Brokers meeting. Susan Kite, Vice President of … [Read more...]

SBA Lenders Offer Advice on Getting Loans Approved

If you want to get an SBA loan to buy or sell a business, get the information to lenders early, be honest up front about potential problems, and expect to pledge assets, including a home, to secure the loan. That advice highlighted the presentation by veteran SBA lenders to the Georgia Association of Business Brokers on April 26. Bob … [Read more...]

SBA Lenders to Lead April 26 Panel

Come to the April 26 GABB meeting and learn the ins and outs of the SBA program.  Listen to the experts and learn how to get an SBA loan closed quickly and with ease. Panelists include GABB Platinum Sponsor Cheryl Beer, Vice President of SBA Lending at the Piedmont Bank; Susan Kite, SVP and Managing Director of SBA Lending at Signature Bank ; and … [Read more...]

Nine Steps to Better Due Diligence, Closing Deals

Third in a series on Business Brokering Buyer and seller strike a deal, but a thorough due diligence and either seal or sink that deal. Georgia Association of Business Brokers Vice President Mike Ramatowski moderated a panel discussion at the July meeting on getting buyers and sellers through due diligence and to the closing table. … [Read more...]

Georgia Business Brokers Discuss Working With Buyers and Sellers

The collective wisdom of four brokers with 75 years experience was on stage Tuesday, June 30, as the Georgia Association of Business Brokers hosted a panel discussion on how to move buyers and sellers to the closing table. Moderated by GABB Vice President Mike Ramatowski, the panel featured GABB Treasurer Jay Fenello, who specializes in helping … [Read more...]

Four Questions about Business Valuation & SBA Funding

By Kim Eells, Vice President, The Brand Bank  & Susan Kite, Vice President, Signature Bank of Georgia 1. When is a Business Valuation Required? If the purchase price of the business less the appraised value of real estate/equipment is over $250,000 or your deal is not an arms-length transaction or if the bank requires for comfort; … [Read more...]

Overcoming Five Buyer Objections to SBA Loans

By Susan Kite, Vice President, Signature Bank of Georgia, and Kim Eells, Vice President, The Brand Bank   I.        “This deal costs too much; I can’t get it financed.” SBA 7a Loans are guaranteed by the US Government, giving banks a higher comfort level to make a loan they may have denied as a conventional loan. SBA loan terms can be … [Read more...]

GABB Affiliates Discuss How to Reduce Risk in a Transaction

Those who attended the August GABB meeting got to hear an excellent panel discussion of how brokers can reduce risk in a deal. Audio recording of the GABB Affiliate Panel Discussion on Risk. GABB President C. David Chambless moderated the panel of GABB Affiliates. The panel included: Dan Browning, JD, of DB Consulting, Inc., has 20 … [Read more...]