Category: Lending

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January 29, 2009

New SBA Lending Guidelines For Buyers Of Small Businesses

By Joseph Eneldas

ATLANTIC HIGHLANDS, NJ. – January – Despite popular belief, there is still plenty of money available to finance business acquisitions. Lender terms have grown more strict, but not restrictive. In August 2008, the SBA lengthened the pay-back period for business acquisition loans from seven years to ten years – a 43% increase. This will make…