Posts Tagged ‘buy a business’

Important Cares Act and SBA Lending Information

Wednesday, January 6th, 2021

We have some exciting changes for buyers using SBA loans to purchase a business as part of the stimulus program related to COVID-19. Starting February 1, 2021 and running until September 30, 2021 the SBA will be waiving loan guarantee fees, forgiving principal and interest payments for 3 months. Additionally, this will increase the bank…

What is the Difference Between a LOI and an OTP?

Tuesday, May 14th, 2019

Buying a business can be quite confusing especially when it comes to agreements, contracts, and the titles that go along with them. You may have heard someone use terms like term sheet, letter of intent, offer to purchase, and purchase agreement. They all sound similar, but are they? What exactly is the difference between an…

Things to Do Before You Buy a Business

Monday, March 25th, 2019

Looking to become a business owner? Before you buy a business, it’s important to be prepared. Gateway Mergers & Acquisitions is an established North Texas firm of experienced business brokers. As industry experts, we’ve compiled a concise checklist of key precautions or questions to prepare ahead of time: Before You Buy a Business… Get help…