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Ideal Business Buyer Traits Sellers Should Prioritize
Selling a business is a significant decision, and selecting the right buyer is critical to ensuring a smooth transition, protecting your business legacy, and maximizing your return. Below are the key traits and characteristics every small business owner should evaluate when considering potential buyers:
Change of Ownership Loans in 2024
Change of ownership is a business age category tracked by the SBA. The SBA has specific and different rules for each type of loan where ownership changes hands. During FY 2024 there were 627 banks funding 4,151 change of ownership loans for $4.8 billion with an average loan amount of $1,158,934.