Choose your country

Or view all businesses for sale


SBA loans desperately needed to boost recovery, say brokers

Obama signs healthcare Act

The single greatest problem facing both brokers and potential buyers is the lack of SBA loans," according to top business broker Robert Slingerland.

"This is subsequently the best way to get the economy back on track, given that the majority of people are employed by small businesses," continues Slingerland, who runs the business valuation and brokerage arm of Prudential Interwest Business Consultants in Salt Lake City, Utah. 

Speaking to, he is not alone in lamenting the shortage of government-backed finance.

Another broker agreed that "SBA bank loans are almost impossible to get for a buyer. It's also difficult to get cash advances for a seller in an established business."

Credit thaw

Not everyone agree, however.

Eric Gagnon, president of We Sell Restaurants, senses that the tide is turning: "After years of no lending, we have had several SBA deals funded recently, demonstrating that the credit thaw is finally in place, even for difficult-to-finance businesses like restaurants."

With the recovery still anaemic, there's apprehension on both sides of the market, as one agent explains: "With buyer and seller behavior not much has changed, but the economy has negatively impacted the market.

"Sellers are waiting for the business' performance to rebound. Buyers, due to financial history of a business, have no confidence or trust. Banks lending policies aren't helping the buyer's attitude."

One agent thinks the looming presidential election is intruding on business owners' thinking: "The most difficult part of our business today is getting buyers to make a decison," reports jeff Nyman, a broker for Las Vegas First Choice Business Brokers.

"Even when they see a good business with good income and books and records to prove the income, they are reluctant to make a deal because they have openly admitted they are worried about the political scene and how a Democrat-run presidency and congress will hurt and the small-business owner with extra tax and reporting burden."

Ready to sell? You are just 10 minutes away from advertising your business to 1.3 million prospective buyers. Sell your business today.

Subscribe to our email updates

Sign up to receive the latest advice, most popular businesses, special offers and much more.


I'm interested in is committed to protecting your privacy. We will use the information you provide on this form to send you marketing emails . Find out more about what we do with your information in our Privacy Policy.
Marketing Emails: You will receive newsletters, advice and offers about buying and selling businesses and franchises. We will also send you information about events relating to buying, selling or running a business.

Are you a Business Owner?

Set up your Private Seller Account and create your listing today

Get Started Here

Are you a Business Broker?

Set up your BrokerWeb Account and list multiple businesses

Get Started Here