The SBA has just bumped the limit Effective Oct. 1st, 2009 the good will and other intangible assets can amount to up to $500,000 for 7a loans. This is exciting news for many new entrepreneurs known as "forced entrepreneurs" or "unintentional entrepreneurs" with good credit that may be unfamiliar with the power of SBA loans. They should be made aware of the raising of goodwill.
"It's focused on the the buyer who can now access more SBA financing than previous rules allowed. It allows the seller to sell the business for a value that's real in the marketplace as opposed to curbing the value because of the limitations on goodwill." says, Craig G. Francis, SBA and commercial loan broker in an interview on the David Kamatoy Radio Show.
Craig G. Francis believes that by raising the 7a SBA Loan goodwill it will rally movement in small business buying and selling. This trend is something that was predicted by Harry S. Dent Jr. in his book , "The Great Depression Ahead " in which he suggests that in mid to late 2009 is going to be the best time to sell a business regarding valuation.
Craig G. Francis has funded over a Billion Dollars of loans to over 2000 businesses and entrepreneurs in several categories, including real estate, service, manufacturing, and restaurants and bars. Drawing upon his 35 years of experience in credit, finance, and banking, which includes time as one of the top business credit analysts at Dun & Bradstreet. He is the founder of SBALOANSTORE.com providing information that is applicable to any SBA-guaranteed loan application, as well as other financing requests. Those seeking Craig's help directly can reach him through the website www.CraigGFrancis.com or www.SBALOANSTORE.com.
For more information or to request and interview please contact Kamatoy Media Group at press@jugglemail.com or call 619-573-9456.
