INTERVIEW ON THE PRICE OF BUSINESS SHOW, MEDIA PARTNER OF THIS SITE.

Recently Kevin Price, Host of the nationally syndicated Price of Business Show, interviewed Gene Townley.

The Gene Townley Commentaries

On a recent Price of Business show, Host Kevin Price interviewed Gene Townley.

Kevin Price interviews business broker Gene Townley about recent updates to the Small Business Administration (SBA) Standard Operating Procedures (SOP) that affect mergers and acquisitions:

Extended Transition Support: Sellers can now remain involved in consulting or license-holding capacities for up to 24 months, extended from the previous 12-month limit.
Partial Share Purchases: The SBA now permits financing for up to 50% of an acquisition if a buyer is purchasing a half stake in a business.
Increased Debt Service Coverage: The required Debt Service Coverage Ratio (DSCR) has increased from 1.1 to 1.25, necessitating higher cash flow to approve deal financing.
Quality of Earnings (QofE) Requirement: Transactions of $3 million or more (including real estate) now require a Quality of Earnings report, which adds roughly $7,500 to $12,000 in due diligence expenses and extends closing times by around 45 days.

Gene has been self employed all his life and has owned over 20 businesses with his wife of 26 years, Wyndee, in numerous industries. They have built several businesses that they sold and are therefore very familiar with the seller’s experience and what to expect. In this same 30 years of entrepreneurial experience they have bought numerous businesses and can help buyers through the process and emotions with ease. In negotiating a sale or purchase it is a “give and take” where both the seller and the buyer have their needs met. Gene has over 15 years in the business to business marketing and sales which has allowed him to experience and understand most industries.

Learn more at https://dynamitebrokers.com/broker/gene-townley/

Connect with Gene on social media:

LinkedIn: https://www.linkedin.com/in/thebizbroker/