SBA's 'Good-Will' limit on loan size change as of Oct 1, 2009
Business brokers are complaining. Small business owners trying to sell their companies are being impeded. Prospective buyers are backing out of deals because they cannot get enough financing to close.
It is because of the “goodwill” rules promulgated by the U.S. Small Business Administration. The restrictions severely limit SBA’s loan size for purchasing some businesses.
In March, SBA decided to limit the loan amount to $250,000 for purchasing a business’s good will. Protests by industry groups caused SBA to reconsider.
You have great blog and this post is good!
—
best regards, Greg