Pacific Business Sales

Banks are starting to accept PPP Loan Forgiveness Applications. Should you apply now or wait? There's no simple answer to this, it depends on your situation. Congress may still pass the $150K forgiveness by affidavit (no financials reqd), so if your loan is less than $150K it's probably worth waiting for. Likewise, there is a decision to make on whether to select the 8 or 24 week period for payroll. Bottom line... don't rush off to file this before you consider your best options to make sure you get 100% loan forgiveness. Read full @Forbes article below FORBES.COM PPP Forgiveness Applications Are Opening Up. Should You Apply?

Just Listed! Industrial Electrical Power Contractor, LA County. High profit margin, steady growth, excellent books and records plus SBA financing! Industrial Electrical Systems & Controls Contractor specializing in installation of large plant and factory power distribution systems, electrical panels is available for acquisition. $1.5M Sales, $464,612 DE, $140,879 Down Payment with SBA qualified buyer. Offered at $1,260,000 Established in 1988 the company’s clientele includes large Los Angeles manufacturing, industrial, data centers, commercial cold storage, and other larger commercial companies. The company does not offer any residential services or new home construction. Summary: * $1,497,508 sales 2019 (tax returns) * $1.8 million projected 2020 based on year to date thru July * $464,612 Discretionary Earnings (2019 tax return) * Offered at $1,260,000 + A/R * SBA financing available for qualified buyer * Seller Note $120,000 * $140,879 down payment with SBA Financing * $282,484 Net After Debt Service with SBA financing * Excellent books and records, minimal add backs The company is well known for its expertise in the design and installation of large factory electrical power systems which often are several Megawatts. The company also designs, builds and installs UL power distribution panels for industrial use. The company has an excellent track record of steady/consistent revenue and earnings over the course of many years. Growth has been capped by the owner’s preference to keep the company small and easy to run for his personal lifestyle. The company selectively takes projects and there is abundant opportunity to expand by accepting more projects, and by expanding beyond LA County, and hiring additional staff. The company does not have an active marketing program, the current customer base and referrals have consistently kept the firm busy with sufficient backlog. Services: * Power Distribution Systems up to several Megawatts * Power Stations * Electrical Panels from several hundred amps to Megawatts * UL Power Panels * Power Systems Engineering and Design * Tenant Improvements for factories/plants ORANGECOUNTYBUSINESSBROKER.COM LA County Industrial Electrical Contractor

New Business for Sale, Industrial Electrical Contractor WEB-EXTRACT.CONSTANTCONTACT.COM New Business for Sale, Industrial Electrical Contractor

New Orange County Business for Sale WEB-EXTRACT.CONSTANTCONTACT.COM New Orange County Business for Sale

IMPORTANT PPP UPDATE: new guidance & changes from SBA on PPP forgiveness. Bottom line is it is best to spend all of your PPP funds on payroll to assure forgiveness. Some expenses are being limited, also owner's 8 week wages are capped at $20,833 or 20.83% whichever is less, higher if you chose the longer period. Details in @forbes article https://buff.ly/34zABpL #PPP FORBES.COM SBA Changes PPP Loan Rules On August 24 - Hurting Some, Helping Others At Random

Just listed! OC Marketing Agency working with major brands. This is a business you would love owning! The company is a marketing agency serving well known major brands with a staff of eight talented employees responsible for design, account management, logistics, and project management. Offered at $750,000, DE on track for $277,460 in 2020. ORANGECOUNTYBUSINESSBROKER.COM Orange County Marketing Agency for Sale $1.6 million sales

New Simplified PPP Loan forgiveness form 3508S for loans under $50K. The good news is the SBA just released new loan forgiveness rules for PPP loans under $50K. It's not the automatic forgiveness that was discussed, but it is simplified and relaxes a couple of rules. You don't have to show the math, BUT the SBA has the right to check it and ask for details. It's better than before, but not what was promised. See @forbes article for more. https://buff.ly/3iLczf0 #PPP #Loanforgivness FORBES.COM Was Your PPP Loan Less Than $50,000? Life Just Got (A Little Bit) Easier

PPP Forgivness still not happening. Some banks started processing PPP loan forgiveness applications, BUT the SBA has not approved any loans for forgiveness as of yet. There is still much confusion at the banks and SBA as to how to process loan forgiveness applications and as a result PPP loan forgiveness is at a standstill. Both the SBA and banks are hoping for the 150K forgiveness with a simple affidavit which is stuck in Congress. But a new wrinkly has emerged where businesses that also took EIDL loans may have the loan forgiveness taken off that loan. Bottom line, neither the bank nor the SBA have a clue what's going on or what to do... https://buff.ly/36e93an #PPP #PPPloanforgiveness POLITICO.COM No forgiveness: Small businesses still on hook for rescue loans

Should I pay upfront fees to sell my business? The short answer is NO! At Pacific Business Sales we do not charge any upfront fees on transactions less than $25 million in revenue. We prepare a comprehensive free Market Value Analysis for each of our prospective clients before we list the business for sale. We also prepare a comprehensive Confidential Information Memorandum (CIM) for each business we represent. We have spent time developing a marketing and selling process that works in deriving the highest value for your business. read more... ORANGECOUNTYBUSINESSBROKER.COM Should I Pay Upfront Fees to Sell My Business | Pacific Business Sales

Just Listed! Orange County Painting Contractor. Orange County-based Painting company servicing Orange County and parts of LA County, $685,000 sales, $223,734, and DE only $68,985 down with SBA financing, Asking $440,000. The company provides superior residential exterior & interior painting, commercial exterior & interior painting, stucco repair, and wood & trim repair plus excellent customer service. The company boasts excellent Yelp Reviews of 4.5 Stars and 5 Star Google Reviews plus excellent Angie’s List Reviews. The seller has built a business that is scalable, growing, and easy to run. The company has a successful ongoing internet marketing program that delivers steady leads and growth and has not been affected by COVID. The company also has a CRM system in place that tracks all leads, provides automated email follow up campaigns, and tracks customer actions/notes. The seller has created a quote template with the complete scope of a painting job using a 5 step process for estimating & quoting projects. ORANGECOUNTYBUSINESSBROKER.COM Orange County Painting Contractor for sale $685K sales, $223K Earnings

Surprising prediction from Goldman Sachs economists - a Democratic election sweep would be better for the economy than a Trump win. Goldman's finding: boost to U.S. economic growth would “outweigh the negative effects of tax increases.” CNBC.COM Goldman Sachs says Democratic sweep would unleash 'substantially' more stimulus

6 Changes to the PPP that will make Forgiveness Easier and also improve the program. via@inc INC.COM 6 Changes That Make PPP Forgiveness Easier

SBA PPP 2nd Draw Round Application form is available now, see links below. Criteria is any quarter of 2020 revenue 25% below the same quarter in 2019. Link to form SBA PPP 2nd Draw Application SBA.GOV PPP Second Draw Borrower Application Form

Excellent summary of CA's new laws for 2021 by @latimes New PTO law for businesses with 5 or more employees, new COVID laws for businesses, plus workplace, housing, criminal, etc. https://buff.ly/3ndfpeZ #2021newlaws LATIMES.COM Explore California's new laws for 2021

Breaking News SBA 7a Loan Forgiveness Resumes Section 325: Extension of Section 1112 Payments, the debt relief program. Provides SBA payments of Principal &Iinterest on the first 6 months of newly approved loans will resume for all loans approved between February 1 and September 30, 2021, also capped at $9,000 per month. That means no payments on new loans for 6 months! Provides that all borrowers with qualifying loans approved by the SBA prior to the CARES Act will receive an additional three months of P&I, starting in February 2021. Going forward, those payments will be capped at $9,000 per borrower per month. Existing SBA 7a loans may qualify for an additional 3 months of no payments!

It's here, New COVID Stimulus Bill includes Another PPP Round and Loan Forgiveness Changes. Good news for small businesses in the COVID Relief bill. Simplified loan forgiveness for PPP loans under $150K, businesses with 2020 revenue 25% below same any quarter of 2019 qualify for another PPP loan, max company size is 300 employees, 2.5 months average payroll for loan amount and 24 weeks to spend it with additional expense categories, payroll must be 60% of expenses for forgiveness, and PPP is NOT taxable! See @entrepreneur article for details https://buff.ly/2LRxYZ4 ENTREPRENEUR.COM New Stimulus Bill Includes Second Round of PPP Loans for Small Business and Forgiveness Rule Changes Favorable to Borrowers

November US Housing Starts & Permits Up! Housing starts were up 1.2% and permits were up 6.2%, single-family homes have increased for seven straight months. Multi-family starts increased by 4%. CNBC.COM U.S. housing starts, building permits power ahead in November