Quick Summary Selling a business with an SBA loan requires careful attention to the outstanding balance, collateral, lender requirements, and transaction structure. Sellers should contact their lender early to determine what documentation, approvals, payoff arrangements, or servicing
When a business is sold, employees may be impacted in significant ways. Business sales can stir up a range of emotions and questions among the staff, from concerns about job security to uncertainty about their future roles.
Quick Summary When a business is sold, contracts do not always transfer automatically to the buyer. Their treatment depends on the transaction structure and the language of each agreement, including assignment clauses and change-of-control provisions. Some contracts
