Sept. Pacific Business Sales:
Industrial Equipment Manufacturer – Orange County
Electrical Sign Manufacturer – Inland Empire
Electrical and Control Systems Contractor for medical/healthcare facilities -Orange County
Plumbing Company – Orange County
Glass Sales and Installation Company – Inland Empire
Plus 2 Orange County Marketing Agencies in escrow due to close before the end of year
Added 3 New listings
Roofing Contractor – Riverside County
HVAC Company – Orange County
Painting Company – Orange County
100% of Business Sales in Sept. utilized SBA financing and these buyers were able to qualify for 6 months of loan forgiveness because we closed before Sept 27th.
75% of our transactions in 2020 have been funded with SBA financing, the other businesses were purchased with cash.
SBA Loan terms for business acquisition loans
- 6 months of loan payments forgiven if closed by Sept. 27.
- 6 months of loan forgiveness for new business acquisition loans may be included in the next stimulus package in Congress right now.
With the help of the Escrow and SBA PLP (Prefered Lending Program) banks, we were able to close these transactions before the deadline.
2020 Closing rate- 80% – industry average 25% to 35% (source BizBuySell.com)
We love what we do helping business owners sell their business so they can retire or move on to their next venture and buyers embark on their dream of owning their own business.
About Pacific Business Sales
Pacific Business Sales are Orange County based Middle Market Business Brokers specializing in the sale of small and mid-size businesses in Orange County, LA County and the Inland Empire.
Contact Pacific Business Sales9891 Irvine Center Dr #200