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
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
Automatically Forgive PPP Loans Under $ 150,000 - 7/26/2020 - 11/1/2020
We the undersigned support the proposed The Paycheck Protection Small Business Forgiveness Act, which would greatly streamline the process for small business owners seeking forgiveness for the monies from the Payroll Protection Program (PPP). This new act would state that small business owners who received $150,000 or less in Payroll Protection Program (PPP) monies need only to submit a one-page attestation form in order to receive forgiveness for the PPP monies. This attestation form would state that the business spent the PPP monies in accordance with the CARE Act and that it has followed the requirements for forgiveness of that loan. Further, it would prohibit any enforcement or other action against a lender relating to loan origination, forgiveness, or guarantee based on the lender's reliance on certifications or documentation submitted by a loan applicant or recipient.

We further propose that the PPP monies be forgiven immediately upon receipt of this one-page attestation form, thereby eliminating potentially problematic delays for small business transfers/acquisitions.

Automatic forgiveness would greatly reduce paperwork and assist the smallest of the small businesses by providing much needed economic certainty during these trying pandemic and economic times.

Eliminating the uncertainty of delayed forgiveness is critical for small business owners who need to sell their businesses due to economic hardships, retirement, health, death and other issues.

The U.S. Economy is dependent to a great extent on our small business community. The welfare of small businesses affects every one of us directly or indirectly since small business makes up 50% of our GDP.

It is vital that we support our local small business owners as well as the American economy as a whole.

Please sign and support today! Simple and quick to Link below:

https://www.ipetitions.com/petition/automatically-forgive-ppp-loans-under-150k
Business Sale Tax Strategies - 8/13/2020
Join Jim Parker and Dr Roman Basi, CPA and Tax Attorney this Thursday at 2pm discuss smart tax strategies in the sale of a business. Many business sellers who sell their businesses will have significant tax liability.

Hear from the experts the many ways a business seller can structure a business sale accordingly and reduce their tax liability.

Roman Basi is a nationally known business sale tax expert. Register today to attend 2pm EST Thursday 8/13/20.

Register Here: https://us02web.zoom.us/webinar/register/7215968237820/WN_NEEAEQJUSGuO9vN754j4BA
Monthly OBBA Broker Deal XChange and Mastermind Meeting - 8/25/2020
Join your fellow OBBA Members review this past August's monthly in-person meeting.

Hear and learn of new and existing listings that could interest you and your business buyer.

For best practice, we will discuss insights on developing a "score card" for your business listings.

We promptly start at 3pm EST. RSVP to Info@ConfidentialSale.com