SBA announces two new modules to Money Smart for Small Business program

SBA announces two new modules to Money Smart for Small Business program

Harvest Business Advisors works with Small Business Administration (SBA) lenders for many of our transactions. Our entire team keeps up-to-date on all SBA programs and announcements to better serve our business brokerage clients and our business valuation clients.

We’d like to share this recent announcement from the SBA about addition of two new modules to their “ Money Smart for Small Business ” curriculum. The two new modules are Banking Services and Building Strong Credit.

“Money Smart for Small Business aims to help small business owners and entrepreneurs understand how a strong banking relationship can help them achieve their vision,” said Elizabeth Ortiz, Deputy Director for FDIC’s Consumer and Community Affairs.  “The relationship between banks and small businesses is symbiotic: when one succeeds, so does the other.”

For the complete announcement from the Small business Administration, please visit https://www.sba.gov/about-sba/sba-newsroom/press-releases-media-advisories/sba-and-fdic-updates-money-smart-small-business-credit-and-banking-modules

To learn more about the Money Smart for Small Business program, please visit www.fdic.gov/smallbusiness.

If you have any questions or need more information about SBA lending practices and requirements or a business valuation for a SBA loan, feel free to connect with us for a conversation.

 


Clients choose Harvest Business Advisors for our sage advice on profitably growing their business, accurate business valuations, and when the time is right, a consistent ability to deliver a high price as part of a smooth exit transaction.

Harvest Business Advisors provides business brokerage, business valuation, and business succession planning services. We have extensive experience in the information technology and professional services, manufacturing, distribution, and contracting fields. We maintain offices in Maryland, New Jersey and Virginia. Connect with us at info@harvestbusiness.com or 877-838-4966 to discuss selling your business, ordering a business valuation or buying a business.

Expert Business Valuation Course – Market Methods for Small Businesses

Expert Business Valuation Course – Market Methods for Small Businesses

Market Method for Valuing Small Businesses and Advising Buyers and Sellers of Small Businesses are the two of the presentation topics for professional business valuators and financial advisors at an upcoming conference.

Greg Caruso, J.D., C.P.A.,C.V.A. will be presenting two morning continuing education courses at the New Jersey NACVA Conference on Wednesday, November 20, 2019 in Edison New Jersey (registration details below)

The first course, Market Method for Valuing Small Businesses, will cover the market method for use with small business valuation.  Emphasis will be on selection of comparable set, evaluating comparables based on profitability, charting and graphs, use of statistics, reviewing cash flow, estimating the value and, finally, adjusting the value based on balance sheet matters as compared to estimated comparables.

This course is an Intermediate level and attendees will be able to:

  • Identify SIC and NAICS codes and further useful sorts such as revenue and cash flow ranges in order to select valid market comparables
  • Differentiate between when to use SDE and EBITDA as an cash flow measure
  • List the strengths and weaknesses of the market method and how to adjust both the subject company data and the comparable date to reduce error
  • Describe the differences between the way DealStats records asset sales and stock sale transactions
  • Adjust the cash flow value found for variations in balance sheet assets and liabilities.
  • Be able to estimate a business value using the market method

The morning’s second course, Advising Buyers and Sellers of Small Businesses, will review how CPA’s, CVA’s and other advisors can best work with clients who are preparing to buy or sell a business.  Focus will be given to helping the client assess underlying needs and desires so they are prepared for the emotional strain of this type of life change.  Listening skills, negotiation skills, how to work with brokers and other participants will be discussed.

The objectives of this Intermediate level course are to

  • Identify issues and questions that lead to meaningful conversations about plan
  • List the steps in an organized transaction
  • Describe the elements to actively listen and engage with clients
  • List requirements for an SBA loan to finance a business

Click Here to R.S.V.P

Details:

8:00 a.m. to 4:30 p.m. (Continental breakfast,lunch and light refreshments served.)

Location
Hilton Garden Inn – Edison
50 Raritan Center Parkway
Edison, New Jersey 08837

$195

Earn up to 8 Hrs CPE

Click Here to RSVP

Click  here for more about NJ NACVA
Click here for more about NACVA  

 


blankGreg Caruso is an expert who works throughout the Mid-Atlantic with business owners to create and realize business value through business valuation, succession planning, and private company M&A. He is licensed in Maryland as an Attorney, Certified Public Accountant and Certified Valuation Analyst.
Over the past 15 years successfully completed over 50 business merger or sale transactions
He has been an advisor on acquisitions, exit strategies, and valuations of over 250 firms.
He is Editor-In-Chief of “Around the Valuation World” the two most interesting hours in business valuation, a monthly webinar produced by the NACVA

 

Small Business Administration (SBA) offers “Emerging Leaders Initiative”

Small Business Administration (SBA) offers “Emerging Leaders Initiative”

Harvest Business Advisors typically works with business owners ready to sell their businesses and one of the common refrains you’ll hear from our brokers is to “build your business to sell your business”. With that in mind, we encourage you to consider the Small Business Administation’s, SBA, 2019 Emerging Leaders Initiative program for small business owners.

For over a decade, the SBA has provided no-cost entrepreneurship education and training for executives of “poised for growth” companies (typically  business that have been operating for at least three years, with annual revenues of at least $250K).

Unlike programs for start-ups or new businesses, this program is geared towards businesses ready to develop a growth strategy.

From the SBA website, the Emerging Leaders Initiative program includes:

  • A three-year strategic growth action plan with benchmarks and performance targets to help the participant emerge as self-sustaining businesses that creates jobs and build communities
  • Includes 100 + hours of professional specialized training and peer-to-peer counseling delivered over the course of seven months
  • Specialized areas of training include:
    • Growth Strategies Plans
    • Financing and Access to Capital
    • Government Contracting
    • CEO Mentoring

The Emerging Leadership Initiative program provides – at no-cost – the opportunity to grow and strengthen your company.  If you qualify, we encourage you to connect with the SBA to discuss the program further.  It’s quite an opportunity – especially for companies that work in government contracting.

SBA Business Valuation for SBA Financing of Business Sales – Presentation

Thank you for the opportunity to share some thoughts on SBA business valuation for SBA loans directed at SBA lenders and their advisors.

(Based on a SBA business valuation presentation presented to the Maryland Commercial Lenders Association on September 26, 2018.

Business valuations are all about understanding the drivers that bring value to a business and how valuators are required to measure those drivers.  An important place to start is with the questions;

  • Who is the value is being calculated for?
  • What is the standard of value to be used?
  • What is the purpose of the valuation?
  • Why is the valuation being conducted?

In general, for SBA purposes a third party appraisal is required when financing business sale transactions if:

  • the amount being financed after deducing for the appraised value of equipment and real estate is more than $250,000,
  • there is a close relationship between the buyer and seller – family members / partners /employees, or
  • the lenders internal policies require it.

I hope you enjoy the presentation and learn a few things you can apply tomorrow from it.

Questions or to contact:

Presenter, Greg Caruso, JD, CPA, CVA
gcaruso@harvestbusiness.com 609-664-7955

 


Clients choose Harvest Business Advisors for our accurate business valuations and our consistent ability to deliver a high price as part of a smooth exit transaction.
Harvest Business Advisors provides business brokerage, business valuation, and business succession planning services. We have extensive experience in the information technology and professional services, manufacturing, distribution, and contracting fields. We maintain offices in Maryland, New Jersey and Virginia.
Connect with us at info@harvestbusiness.com or 443.334.8000 to discuss selling your business, ordering a business valuation or buying a business.

 

 

 

 

.

“Around the Valuation World” Presentation on “Being a Powerful Expert Witness”

“Around the Valuation World” a monthly business valuation webinar is pleased to host Alan Zipp as he presents on the topic, “Being a Powerful Expert Witness”.  Alan is an Attorney CPA, CVA and has many years experience as an expert witness in a variety of cases.   In the presentation on “Being a Powerful Expert Witness,” Alan will explore things you should and should not do when presenting your case in a variety of situations.

Dr. Ashok Abbott will present on “Selecting Appropriate DLOM Models.”  Calculating Discounts for Lack of Marketability has become a complex endeavor with many models and methods to choose from.  Selecting the correct method for calculation is paramount to surviving review of your valuation report.

Around the Valuation World is a monthly webinar on business valuation topics hosted by the NACVA and edited by Greg Caruso of Harvest.  For more information click to go to the Around the Valuation World website.

Connect with Harvest Business Advisors today – email info@harvestbusinessadvisors.com or call 443.334.8000

 

Greg Caruso to Speak to Financial Service Professionals on Business Valuation

 

“Succession & Exit Planning” Course

Please join Financial Service Professionals (Baltimore Chapter) on Tuesday, April 3rd for a continuing education seminar presented by Gregory Caruso, JD, CPA, CVA from Harvest Business Advisors.

This presentation will look at how business value is created, measured, and transferred. Opportunities for planning and increasing value throughout the process will be highlighted.

Greg Caruso - Harvest Business AdvisorsGreg Caruso is an expert who works throughout the Mid-Atlantic with business owners to create and realize business value through business valuation, succession planning, and private company M&A. He is licensed in Maryland as an Attorney, Certified Public Accountant and Certified Valuation Analyst.

Over the past 15 years successfully completed over 50 business merger or sale transactions
He has been an advisor on acquisitions, exit strategies, and valuations of over 250 firms.
He is Editor-In-Chief of “Around the Valuation World” the most two interesting hours in business valuation, a monthly webinar produced by the NACVA

2 CE Credits for Maryland L&H and CFP

Click Here to RSVP

When you RSVP, please indicate all industry organizations in which you hold membership; e.g., SFSP, NAIFA, FPA, CPCU, BAHU etc. If none, please note “none”.

Tuesday, 4/3/18
8:00am: Continental Breakfast & Networking
8:25am: Announcements
8:30-10:30am: CE Program

Location
PSA Learning Center
11311 McCormick Road,
Suite 500
Hunt Valley, MD 21031

Click Here to RSVP

Click  here for more about Financial Service Providers Baltimore Chapter
Click here for more about Financial Service Provider’s Sponsors

How May We Assist You?