SBA Disaster Assistance for Businesses Affected by Hurricane Helene
In light of the devastation from Hurricane Helene, we want to provide some information that may be helpful in providing assistance to businesses that have been affected by Hurricane Helene. For 7(a) loans that are not sold on the secondary market, Lenders may: Grant payment deferments of up to 6 consecutive months (No SBA notification required) Extend...Read More
Exploring Industry Roll-Ups: Opportunities and Considerations for Business Sellers
In the current market of business sales and acquisitions, private equity groups (PEGs) are some of the most active buyers of mid-market companies. They are placing a growing emphasis on what is commonly known as “industry roll-ups” – a strategic merging of multiple companies within the same market or vertical. This has been a growing trend throughout the state since the...Read More
Chair’s Letter
As I write this letter, I am sitting waiting for Hurricane Milton to descend upon Florida. Wherever it lands, we are going to have many BBF members that will be seriously affected. We have already had several BBF members that have had to deal with Hurricane Debby and Hurricane Helene already in 2024. I am keeping all our members in my prayers and hope everyone suffered minimal damage....Read More
EBITDA and What It Means for Selling Your Business
Selling a business is rarely as straightforward or fast as business owners would like. Unless you’ve sold a business before, there will be unforeseen obstacles. Even if you’ve sold a business before, you will likely run into hurdles along the way. The fact that every business is different, and this impacts the variables associated with the sale of a given business. Market conditions change...Read More