Tag Archives: William Bruce Business

Number of Small Businesses Sold Set to Break Record

The total number of small businesses changing hands in the first half of 2016 represents an increase from not only last year, but from the record-setting 2014 as well. If the trend continues, 2016 will be the best year on record. 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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Business-for-Sale Marketplace Appears Strong in 2016

The business-for-sale marketplace appears strong in 2016. In a January survey of the membership of the American Business Brokers Association, which is composed of both Main Street and Middle Market intermediaries, 76 percent of the respondents said they expected 2016 to be more active than 2015. Only one percent expected this year’s activity to be lower than last year. 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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