Another Good Sign for Buying and Selling a Business
Once again we see another indication in the market that timing is right for buying and selling a business. The Small Business Administration reached its $18.75 billion cap for its main loan guaranty program at noon on Thursday, halting the funding of all 7(a) loans. SBA hits their limits and immediately the federal government awards the agency additional money. Now that’s a great sign.
To date this year, the SBA has backed more than 50,000 loans. Just this past week, it backed $1.7 billion in loans. It’s a great sign for today’s market condition showing that borrowers and lenders now have confidence.