As we go thru the second half of the summer, when things are usually pretty slow in our business because it is vacation season, we are pleased with the level of activity we are experiencing.

Customer traffic has picked up.  Sellers are calling to consider listing their businesses for sale, and bankers are courting us again to bring them deals.

If you have been thinking of buying a business, and have some cash to use for a down payment, take a look at the listings on our web site.  Be aware that a lot of the prices on businesses for sale have come down because of the slow last year in most of them.  Also be aware that bankers are going to take a hard look at the deal and will be conservative in what they will finance.

In a lot of cases seller financing assistance is required and sellers are understanding that.

There has been a lot of publicity lately about Small Business Administration loan guarantee programs.  The best news is that they are covering their own financing fees right now, leading to very significant savings in closing fees for loans they guarantee.