Upcoming Events
COVID-19 Cares Act - 22 Minute Video - 3/31/2020 - 8/31/2020
We are in a period of uncertainty but despite all this, we have proven time and time again that we have the resolve to continue with courage.

We admire the undying entrepreneurial spirit that prompts us to continually innovate.

Our great government has offered help and just because you seek help does not minimize your bravery in this time of need.

We want to make available to you a 22-minute Video that explains the CARES Act that will also help address the PPP (Paycheck Protection Program Loan).

View the video at www.facebook.com/ohiobusinessbrokers

We are here for you as a resource.

Feel free to call 614-792-7770 ext 71 or email at Info@ConfidentialSale.com
IBBA 2020 Virtual Conference - Register Today - 5/4/2020 - 5/31/2020
Don't miss out on the Virtual IBBA Conference which launches on Monday, May 4th.

The conference will run the entire month of May and will include 16 pre-recorded workshops with an accompanying Live Session for Q&A, Masterminds, and Seminars on Best Practice Topics.

To register for the Virtual Conference, click on the link below: https://web.cvent.com/event/03b575ef-9fab-4c25-9cba-2cc69f2aad47/summary?rp=00000000-0000-0000-0000-000000000000
Save The SBA 7(a) Loan Program - 5/5/2020 - 9/27/2020
Petition Description

The U.S. Economy depends to a great extent on our small business community. The welfare of small businesses affects each and everyone of us directly or indirectly as this makes up 50% of our GDP.

The Payroll Protection Program (PPP), although necessary, as written in the bill, is depleting all available monies allocated for the standard SBA 7(a) loan program. This is causing a situation in which the program will soon run out of funds, with no further SBA 7(a) loans available through June 30, 2020.

Without the SBA 7(a) loan program, new business opportunities, expansion, and acquisitions could be greatly affected. If it is true, as many believe, that small businesses will lead us into an economic recovery, the absence of these loans could hamper the U.S.’s ability to have a rapid financial recovery and could potentially cause many small businesses to close their doors for good. We are petitioning for the reallocation of the source of the PPP funds in order to protect the resources originally intended to help all small business owners through the end of the government’s fiscal year, September 30, 2020.

In 2010, the SBA recognized the importance of small businesses by passing a recovery act allowing SBA lenders to receive a 90% guarantee on loans funded during the recovery period, while waiving all borrower fees. The resulting credit enhancement gave lenders incentive to provide small businesses with financing that they typically would not have entertained during an economic downturn. In addition, the waiving of borrower fees made it much more affordable for business owners. This provided many new jobs and stimulated the markets, shortening U.S. recovery time.

This petition urges Congress to initiate and pass a new recovery act that includes the 90% SBA guarantee for loans made by lenders for at least through the end of 2020 as well as a waiver of the SBA guarantee fees for at least the same period.

Sign the Petition Here: https://www.ipetitions.com/petition/save-small-businesses-sba-7a-loans
OBBA Broker XChange & Mastermind Meeting - 5/27/2020
The attendees of the OBBA Broker XChange and Mastermind Meeting in April received a useful marketing campaign tips to leverage the SBA incentive for business acquisition.

Don't miss out in the month of May to find out how you get more deals done for your clients and your office.
We start promptly at 3pm and you will need to have a signed NDA submitted to participate.

RSVP to Info@ConfidentialSale.com. See you in the Zoom Meeting.
The Northern Chapter of the Ohio Business Brokers Association Meeting - 5/27/2020
Join your fellow members for The Northern Ohio Chapter of the Ohio Businesss Brokers Association Meeting.
Promptly starts at 12pm.

Email: tjelepis@gmail.com