When is the Right Time to Sell my Business? Timing is key when it comes to selling a business. In our 24 years of assisting business owners in their exit plan strategies, one of the most commonly asked questions we receive is, when is the right time to sell? From a business owner’s standpoint, this could be tricky to predict. …
“I’ve sold my business – now what?” Viking Mergers & Acquisitions has been in business since 1996 and helped sell over 500 businesses. We have a collective experience profile of almost 90 years! But what some people may not know is that most of the team at Viking Mergers has owned their own business. We’ve been entrepreneurs just like …
Good news for the small business community! Much of what we have read about the CARES Act has been focused around the Paycheck Protection Program (PPP) which is a 349 billion fund created at helping small businesses. A key provision of the Small Business Debt Relief Program addresses current and new loans, specifically 7(a), 504, and micro-loans. This program …
Do you know your loan options?: PPP vs EIDL We can help you navigate The Federal Government has dedicated over $350 billion in relief for small businesses, available through several loan programs. We have laid out each option so that you can carefully consider which loan makes the most sense for your business. If you have additional questions about each …
Do You Know Your Current Lending Options? Is COVID-19 impacting your business? Do you currently have an SBA Loan? Are you trying to understand your lending options to weather the economic slowdown for your team? Good news is that you likely have options. We put together some helpful tips from our lending partners, to help manage cash flows …
How Do I Apply for a COVID-19 Relief Loan? Resources & Requirements Good news: The Small Business Administration has opened up a way to apply online for a Disaster Relief Loans (“EIDL”) directly from the SBA. Please note, these loans are not processed through a bank, but directly administered by the SBA and can be used to cover operating expenses …
What The SBA Wants you to know about COVID-19 relief loans On behalf of the team at Viking, we recognize business owners are asking a lot of questions regarding sustaining business and cash flows in light of the Coronavirus pandemic. We want to be a resource to provide relevant and timely information from our team to you. Thanks to the …
Profit. It’s obviously important for every business owner and is a necessary goal in order to start, build, and grow a business. But every business makes a different profit depending on size, location, industry, customers, and other factors. So how much profit should your business make? When the holidays are over, and you begin a New Year- it’s important to …
How Long Does It Take to Sell A Business? Once the value of a company is determined, it can take anywhere from 6-8 months to sell. If this is the first time selling your business, you probably have a few initial questions before moving forward with the process. One of these questions is something that is on every business owner’s mind; …
What Are Your Key Performance Indicators? Here at Viking, we recommend that every business owner should know the Key Performance Indicators (KPIs) that determine the health of their company. A KPI is a number or value that indicates how effectively a company is achieving its key business objectives. The KPIs that should be tracked are those that report on important …
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