Seven Steps for a Trustee to Review an ESOP Business Valuation / Appraisal
One of the most important roles the Employee Stock Ownership Plan (ESOP) Trustee has is to determine the stock price for the ESOP plan at the time of the initial transaction and then again each year. This is a fiduciary decision that must be made with care and...
SBA 7(a) Loans For ESOPs?
In 2018 the Main Street Employee Ownership Act (MSEOA) was passed. It was thought the MSEOA would allow companies to get an SBA 7(a) loan for an ESOP transition. Unfortunately, the SBA requirements to secure the 7(a) loan for an ESOP transition made it unlikely that...
Selecting an ESOP Business Valuator
Employee Stock Ownership Plans, better known as ESOPs, are required to have a compliant opinion of business value each year to assist the ESOP trustee in determining the share value for distributions and purchases of beneficiary stock. The trustee has the fiduciary...
How to Avoid 7 Pitfalls That Reduce Sales Price – Small Business Exit and Succession Planning
A presentation for Jim Hitchner's Valuation Products and Services Wednesday, May 18th, 2022 1:00 - 3:00 PM EDT Jeff got up from his hospital bed after missing most of tax season and felt better. So good that three days later he canceled the closing on his 7 employee...
The 6 Steps To Get An SBA Startup Loan
The United States Small Business Administration—or SBA—loans are primarily for new businesses to get off the ground. The amounts you can receive vary by loan program but some range up to $5 million! Funds also may be more accessible to some borrowers who struggle to...
Increase Your Business Value – Think Of Your Business Like An ATM
“Daddy, I know how we get money.” Said my 3 year old son in his very deep voice. “How?” I asked. “We go to the ATM” he said. Well my son was right. Prior to everything being cards and phones it was important to have cash and I would get my cash at an ATM at my...
How to Increase Business Value for Government Contractors
When these lessons are implemented by management, government contracting company's business profits, resiliency, and business value all increase. As a business valuator and business broker who spent much of his career in the Washington, DC area I have frequently...
The Small Business Valuation Desk Reference “The Art of Business Valuation”
Over the years, I have found too many business valuators try to apply methods appropriate for valuing large public companies such as Home Depot when they are valuing a local hardware store. This is like trying to value your home by looking at a downtown office...
Franchises With the Most Outstanding SBA 7(a) Business Loans & Their Default Rates
See which franchises have the most SBA 7(a) loans outstanding and their default rates. In addition see which franchises have the highest Small Business Administration Loan default rates.
How to Obtain SBA Financing to Purchase a Business
A key to buying or selling a business is the ability of the buyer to obtain the money for the business acquisition. Many business purchases or business acquisitions will be financed by a Small Business Administration, SBA 7(a) loan. Here are the major steps to...