As veterans in mergers and acquisitions, Viking M&A often encounters business owners devoted to including hypothetical value in their business’s worth. So, while EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) is a widely utilized metric in the financial world, many business owners prefer EBITDA-HAV. What is EBITDA-HAV? I’m so glad you asked. It is incredibly tempting to believe …
Can I sell my business if I have an SBA loan?
Yes, you can sell a business with an SBA loan, but not without taking certain important measures. The most crucial measure is obtaining lender approval. With your bank’s approval, there are three scenarios for selling a business with an SBA loan: 1. Sell for more than you owe. If your business is valued for more than you owe on the …
Planning and Small Business Valuation
Chess is one of those games where you can go from being on top of the world to an emotional pit in a short amount of time. Lately, one of the more frustrating things that happened during a game was what’s called a fork. A fork occurs when your opponent positions their pieces, so you must take a loss and …
Service with a Sale: A Guide to Selling Your Service Business for Maximum Value
Selling a service business is a significant milestone for any entrepreneur. It represents the culmination of years of hard work and dedication. But how can you ensure you don’t leave money on the table at closing? This comprehensive guide will walk you through the essential steps and strategies to sell your service business for maximum value. 9 Steps to Selling …
A Quick Guide to Selling a Business in Asheville, North Carolina
Located in Western North Carolina, Asheville is renowned for outdoor sports, natural beauty and vibrant lifestyle. Asheville’s thriving business ecosystem and enchanting mountain setting make it an ideal place to own and eventually sell a business. If you own a manufacturing company, product distributor or trade services business, prospective buyers may want to acquire your company. However, selling a business …
Selling A Business? Remember, Cash Is King. (Here’s Why)
Why do people say cash is king when selling a business? And what does it really mean? “Cash is king” in the context of selling a business emphasizes the importance of cash flow and liquidity in determining the value and attractiveness of the company to potential buyers. Here are a few key reasons why cash is king when selling a …
Appraised Value vs. Market Value: Understanding The Differences And Why They Matter
If you are considering selling your small to midsize business, you may already know that extensive financial information goes into constructing a deal. Appraisal and fair market values are two of these figures, which are fundamental in getting the most money for the company you have worked hard to build. Although these two numbers should ideally be the same, fluctuations …
Small Business, Big Exit: 5 Tips For Selling Your Small Business
Deciding to sell your small business can be a complex journey. So, when it’s time to exit the organization that you put time and effort into growing, you want the process to be as smooth as possible. While no two business sales will look the same, any business owner can benefit from these practical steps to help find the right …
Exit Through the Virtual Door: Tips for Selling Your E-commerce Business
As an e-commerce business owner, you have likely noticed things run differently than in a traditional, brick-and-mortar organization. Lower overhead costs often mean increased profits, which the e-commerce sector has demonstrated with its substantial growth in recent years. However, you may wish to move on to a new opportunity or new field altogether, which means you want to sell your …
SBA Issues Change of Conditions for a Seller Note
We wanted to share some important changes that the SBA has issued and what that means for both Buyers and Sellers. The SBA changed the conditions for a Seller Note to be considered part of the Buyers Equity Injection (aka Down Payment). Under the former guidelines, the seller note must be on Full Standby (no principle or interest payments) until …









