Contractor News
Changes to SBA Approval Process with ROBS Equity Injection
You may have heard that the Small Business Administration has made a few changes to the approval process for SBA loans that are combined with Rollovers for Business Start-ups (ROBS) as the equity injection. All newly originated SBA loans that use Rollovers for Business Start-ups as the equity injection must be sent through the general SBA…
Read MoreFedEx Ground is moving to operating 7 days per week!
Capital Route Sales, Inc. is not endorsed by and is not recommended by Federal Express Corporation and FedEx Ground. Capital Route Sales, Inc. is not sponsored by, is not approved by, is not associated with, and has no connection whatsoever with Federal Express Corporation or FedEx Ground. MEMPHIS, Tenn., May 30, 2019 — FedEx Corp.…
Read MoreCyber Monday sales on pace to hit $7.8 billion.
Cyber Monday sales are on pace to hit $7.8 billion by the end of the day, Adobe Insights revealed Monday morning, making it the largest online shopping day in U.S. history. That projection, made by the firm at 10:30 a.m. ET, would represent an increase of 18.3 percent compared with the same time last year,…
Read MoreCan routes be run absentee?
One thing you have probably noticed while looking for a route is how many ads claiming the business can be absentee ran. But can it? The parent company hates hearing that you aren’t going to be around. In fact, they have turned away would be buyers who said they were planning on running the business…
Read MoreWhen should I get pre-qualified to buy a business?
Similar to buying a house, one of the first steps buyer candidates should take when buying a business is to get pre-qualified for financing. Fortunately, our SBA lenders can assist you with various financing options. Here are three reasons you should get pre-qualified early: Determine fundability. Using a pre-qual tool, candidates can find out not…
Read MoreChristmas and Holiday gift returns are great for the shipping giants.
Don’t like your holiday present? That’s a gift for FedEx and UPS. The companies stand to gain as fickle shoppers — and hard-to-please loved ones — send items back to retailers and other vendors in droves. Consumers will return about $90 billion worth of goods this holiday season, estimates Optoro, a firm that specializes in…
Read MoreCyber Monday breaks records.
Cyber Monday sales were on pace to hit $6.59 billion by the end of the day, Adobe Insights revealed Monday evening. That projection, made by the firm at 10 p.m. ET, would represent an increase of 16.8 percent when compared with the same time last year, Adobe found. The firm measures 80 percent of online…
Read MoreOnline spending up 18% from last year.
Even as some shoppers kept to tradition and headed off to the malls in person this Black Friday, spending remained brisk online. Shoppers have spent $640 million online Friday as of 10 a.m. ET, up 18.4 percent from last year, according to Adobe Analytics. Adobe tracks 80 percent of online transactions at the top 100…
Read MoreTesla's push into the semi truck market.
Tesla has unveiled its all-electric semi truck, aptly dubbed the ‘Tesla Semi,’ as promised, and the resulting Class 8 transport vehicle is indeed a sight to behold. It boasts a considerable charge capacity, and has a very aesthetically distinct look, as you can see, which will obviously help it stand out from other commercial freight…
Read MoreDue diligence process.
How to do a Due Diligence for FedEx routes Many Buyers often ask me how to do a due diligence. The due diligence is typically a 30 day or less window where the Buyer takes reasonable steps in order to satisfy a legal requirement, especially in buying or selling of a business. It’s…
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