This week we discuss the impact of interest rates when you’re selling a business and what private business owners can do if they’re feeling pessimistic about the country’s.
After discussing the latest results of the Wells Fargo Small Business Index, Carl Doerksen shares the options that business owners have.
“Most business owners are unaware that a good portion of deals that close include some component of financing. Certainly the days of the highly leveraged deal, where 10% was put down and 90% was financed, are long gone. Lenders learned the hard way what happens to that type of financing when the economy goes south.
However, since the financial crisis ended, we have seen a gradual increase in the availability of financing to close deals, which is good news for business owners who are interested in selling a business. If lenders have become more willing todeals, the odds of deals closing go up.”
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