A Broker’s Guide to Getting an SBA Loan Approved

By Cheryl Beer,  SVP/SBA Lender, Sandy Springs, Cornerstone Bank Provide three years’ returns Pre-approval of business financials Subject to buyer’s credit, management experience, outside income, collateral Minimum 650 credit score Management experience or strong franchise 1.2X Debt Service Coverage “DSC” (including all … [Read more...]

UGA’s Business Entrepreneurship Program Director to speak Aug. 27 to GABB

Christopher C. Hanks, who teaches the entrepreneurship curriculum at the University of Georgia’s Terry College of Business, will speak to the GABB’s monthly meeting on Tuesday, Aug. 27. Hanks serves as the director of the Terry College of Business Entrepreneurship Program.  He has owned multiple businesses, including music, e-commerce, … [Read more...]

July News

Greetings Georgia Association of Business Brokers Members, Affiliates and Guests: The GABB will meet July 30 to discuss Pratt’s Stats, a valuable database that helps brokers and others determine the value of a business. This discussion is intended to help brokers address one of the top reasons that businesses do not sell, unreasonable pricing on … [Read more...]

Are You Mad??

By Kathryne A. Pusch Not crazy. . . but angry? The business marketplace is a pressure-cooker, especially with the financial demands of the last few years. Our personal lives are often very stressful as well. All this stress can sometimes lead to behavioral reactions that surprise us—we never knew we could behave that way, or think those … [Read more...]

Do You Have an Exit Plan?

"Exit strategies may allow you to get out before the bottom falls out of your industry. Well-planned exits allow you to get a better price for your business." From: Selling Your Business by Russ Robb, published by Adams Media Corporation Whether you plan to sell out in one year, five years, or never, you need an exit strategy. As the term … [Read more...]