About This Blog
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Peter Siegel, MBA is a nationally known consultant and author - with over 25 years experience on the topic of selling, buying, and niche financing (the purchase of), small to mid-sized businesses. His clients include: business buyers, business owners/sellers, small business advisors, business brokers, and agents. Mr. Siegel can be reached directly by phone at (925) 830-3447. |
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This Blog contains observations, tips, news, events, and case studies relating to selling or buying a small business. |
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This Blog is ideal for business buyers, business owners, advisors, business brokers & agents. |
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Opinions expressed on this site do not necessarily represent those of USABizMart. |
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Opinions expressed here do not constitute legal advice. Those interested in specific guidance for legal matters should seek competent professional advice. |
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11/26/05
More Banks & My Buyer Is Progressing On His End
My buyer got back from training yesterday, and got right into working on submitting his corrected P&L's to the oil company. He also told me that he was getting the business appraisal from the bank yesterday, but since I haven't heard from I assume he has not gotten it yet.
He applied to another bank (to avoid me carrying a hundred thousand note) that seems interested in the deal, because they are asking for more information from me. This should be an interesting week for me. Comments & Advice From Peter:See what I mean how long this process is to close a business! Most sellers and buyers don't realize how long it takes to actually close a deal. A lesson to buyers is if a business is listed for sale for awhile it doesn't mean it's a turkey it is possible sitting in "due-diligence" mode and going throught the motions.• Technorati • del.icio.us • Digg It • Furl • ma.gnolia • Spurl • Yahoo MyWeb
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