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From the category archives: Certified Business Brokers News

Tips, tricks and long term strategies you should consider when buying a business in a Texas town near you.

Small Business Owners: Prequalify Your Business for a SBA Loan Early in the Selling Process

Why? Because SBA prequalified businesses for sale in the marketplace sell faster. The normal train of thought for most people is that it is only the buyer's responsibility to get prequalified and get financing for the purchase of a business. Yes, the buyer must be able to qualify for a loan. However, the business must be eligible as well. No banking institution will approve a loan for a business that does not provide the cash flow needed to support the payments. Therefore, it is beneficial to the business owner to prequalify the business beforehand. So......why does is make good sense for business owners to have their financial data reviewed by a bank for SBA Loan prequalifcation purposes? Primarily, because it will result in a more speedy sale! Based on your financials and tax returns from the previous three years, you need to know if potential buyers would be eligible to get a loan to buy your business. Here are the benefits of prequalifying a business for a SBA Loan. If you find that your ...

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Houston is Booming -- It's Not Only the Weather That's Hot Down Here

"Texas is a land of buccaneering capitalism."- The Economist, 12/19/02 In addition to having a low cost of living and a great quality of life, Texas has one of the nation's most favorable business environments. By 2030 the U.S. Census Bureau projects Texas population will increase by 60 percent compared with 2000 and will be one of the three other states that account for nearly one-half of total U.S. population growth between 2000 and 2030. So........with all the environmental infrastructure in place, it's not surprising that we're off to a running start. Noted in New York Times article last week, Houston is experiencing its strongest resurgence in more than 20 years. The article cites energy, real estate development, and real estate investment as leading the way for the boom. There are, however, many other drivers contributing to the diverse economic health of Houston. The international trade and logistics sector is trucking along in the speed zone and will not be putting on the brakes anytim ...

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What Kind of Insurance is Needed for a Small Business?

It can be difficult to determine which kinds of insurance is needed for a small business. Different types of insurance have confusingly similar names. Your state, town, or county may have its own insurance requirements and many industries have coverage specific to them. To assist in determining which kind of insurance a business should have, you might want to check with the following agencies: The county or city clerk A local chapter of your industry association The state insurance office Here are three great website resources that provide helpful information regarding regulatory requirements: The Official Business Link to the U.S. Government The Official Site of Houston Texas Business Portal The basic business insurance package consists of four fundamental coverages--workers' compensation, general liability, auto and property/casualty--plus an added layer of protection over those, often called an umbrella policy. In addition to these basic needs, you may also w ...

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More Fuel for Houston's Sizzling International Trade and Logistics Market

"Companies to service cargo and vessels at the Port of Houston and along the Houston Ship Channel will be in high demand for the foreseeable future and will continue to provide impetus to our city's economic vitality." -- Above is a quote from one of my posts earlier this month touting Houston Growth in International Trade and Logistics. Another major firm expanding operations to Houston's commerce hub Marlink, an international satellite communications provider, announced this week a visible step in its global business strategy. It is opening a Regional Headquarters operations center in Houston to meet growing demand from its maritime and offshore industry customers throughout North and South America. It will be located near the South Shore Harbor complex, with access to the ports of Houston, Galveston and the primary offshore oil and gas support bases in Louisiana. (Full Article in Houston Business Journal: "Marlink Picks Houston for Americas Headquarters" 03/12/2007) Houston's Gulf Coast has lon ...

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Seller Financing in a Small Business Sale

Most sellers are unaware of how much the interest on the sale increases their actual selling price. For example, a seller carry-back note at eight percent carried over nine years will actually double the amount carried. $100,000 at eight percent over a nine year period results in the seller receiving $200,000.

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Houston Economy Surpasses Expectations -- Stirs Small Business Activity

Job and Population Growth Bode Well for Small Business in Houston as its Economy Expands A revised report issued on March 8, 2007 by the Texas Workforce Commission (TWC), says Houston's job growth rate was a full percentage point higher than the initial estimate released seven weeks ago. Houston's 4.2 percent job growth during 2006 is well above the 2.6 percent growth statewide. The biggest revisions from the initial report were increased growth rates at the professional, higher-paying job levels in manufacturing, architecture and engineering, and computer systems jobs. This TWC report redoubles the U.S. Census Bureau December 2006 report indicating that Texas saw its population grow by 579,275 - the biggest increase in the nation. The higher-than-national-average growth rates are the result of favorable business conditions in Texas. The state ranks second on Forbes' list of best states for doing business and is ranked the 9th Friendliest Entrepreneurial Environment in the U.S. by the Small Business ...

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Houston Growth in International Trade and Logistics

Former Chairman of SCORE® Houston, a Nonprofit Organization, Takes Mission to Private Sector -- the Small Business Marketplace HOUSTON, TX -- (MARKET WIRE) -- February 21, 2007 -- After serving three years as Chair and Vice Chair of Houston Chapter of SCORE®, Thomas Pence, an expert in global trade and logistics, shifts back into the small business marketplace to take part in Houston's dynamic growth in international trade and distribution by joining Certified Business Brokers, the largest business brokerage firm in Houston. Increased international trade is spurring development of industrial properties in the Port of Houston areas to support operations of warehousing, containerization, and distribution hubs. In addition, many logistics and distribution companies are either relocating to Houston or are expanding their operations into the Houston market. The recently opened Bayport Terminal is recognized as the most state-of-the-art container terminal in the US and will triple Houston's existing ...

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