News

The second round of COVID-19 relief has been passed and we have been reading what’s available for our buyers.  If you are a buyer in the market looking to take out an SBA 7a loan the first 6 months of payments and interest will be picked up by Uncle Sam.  This begins in February 2021…

Holiday shoppers went online Monday and spent $10.8 billion, setting a record for the largest U.S. online shopping day ever, according to Adobe Analytics data. Cyber Monday spending rose 15.1% year over year, according to Adobe, which analyzes website transactions from 80 of the top 100 U.S. online retailers. That came in short of Adobe’s…

Some shoppers may be avoiding stores during the coronavirus pandemic, but they’re still putting many items in the virtual shopping carts. Thanksgiving Day spending rose by nearly 22% year over year to $5.1 billion, hitting a new record, according to Adobe Analytics data. The company analyzes traffic on retail websites and transactions from 80 of…

Walmart reported third-quarter earnings on Tuesday that topped Wall Street’s expectations as customers continued to shop online and sent U.S. e-commerce sales soaring by 79%. The discounter said customers are embracing the new ways of shopping they adopted during the global health crisis. As the holiday shopping season begins, instead of browsing store aisles, more…

This is the crazy stat of the year!  A recent Bank of America, U.S. Department of Commerce and Shawspring research study shows the tremendous impacts that COVID-19 placed on E-commerce growth.  From March 1 until April 2020 we experienced a decade’s worth of growth in just eight weeks!  The numbers have been holding steady even…

We hope all of you are doing well and staying healthy. It’s been very busy the last few months as Buyers are swarming to take advantage of the Cares Act. What is so special about the Cares Act? The SBA will pick up the tab for your first 6 months of payments and interest on…

There may be a big incentive for prospective business buyers to accelerate their plans to buy a business if they are planning to take advantage of the SBA’s flagship 7a loan program. As part of the $2.2 trillion CARES Act signed into law by President Trump on March 27th the SBA is paying six months…

We hope everyone is staying safe out there and enjoying the extra time with their families.  Junior is getting a kick out of using the conference room while he learns online.  We can’t wait to add him to the staff in a few more years!  We continue to work normal hours to serve our customers.…

“FedEx Express will funnel some packages to the company’s ground unit for residential delivery to improve efficiency as online shopping continues to grow. The company said Friday that the change will begin next month in Greensboro, North Carolina. FedEx Express currently uses its own vehicles for the so-called last-mile delivery of packages that come off…

I recently received an email from a would-be seller asking about how to get out of a listing agreement with another broker who they’ve been stuck with for nearly a year and have had zero potential buyers come to them. I recommended that they talk with an attorney to figure that out. This was one…