Tag Archives: William Bruce Business

Small Business Ownership Transfers Set a Record in 2017

A record number of small businesses changed hands in 2017. Continue reading

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How to Use the SBA 7(a) Loan Program to Buy a Business

Except for the SBA 7(a) program, banks generally do not make loans to individuals to buy a business.  This statement will surprise a lot of people. Most people will think first of a conventional bank loan when seeking financing to … Continue reading

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The 3 Financial Benchmarks All Business Owners Should Monitor.

These three financial ratios don’t take long to calculate and should be checked frequently to monitor the health and viability of your small business. Continue reading

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The Best and Worst Franchises to Buy

Forbes Magazine’s list of the best and worst franchises to buy. Continue reading

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Types of businesses most and least likely to be approved for SBA loan

By William Bruce It’s well known that some types of small to medium size businesses are more likely to receive SBA loans than others. We are indebted to George Heaslip, “The Loan Professor” for the following ranking.  George is an independent … Continue reading

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Selling a Business: Taking Your Business to Market

Please keep in mind that selling your business is not an overnight project.  It takes time.  My experience has been that six to eight months is about average. Previous articles have discussed the importance of having a good reason for selling … Continue reading

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How to Sell a Business: The Issue of Financing

Previous articles have dealt with being able to give a good reason for selling your business, getting your business ready to sell, and how to price it. In this article, we’ll discuss the issue of financing.  As the seller of … Continue reading

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