For fifteen years, small business borrowers who needed more than $5 million in SBA-backed financing hit the same wall. The 7(a) loan cap has sat at $5 million since 2010, and the way the agency counted a borrower’s combined program exposure meant that ceiling applied across the board. Deals that needed $6, $8, or $10 million went […]
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The SBA’s annual lending data tells a clear story to those willing to read it carefully. Strip out the noise from the pandemic-era programs — PPP, COVID EIDL — and what you’re left with in the core 7(a) program is a market that is growing, concentrating rapidly in the hands of a small number of […]
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For decades, employee stock ownership plans have been one of the most powerful — and most underutilized — tools for business succession, employee retention, and tax-advantaged ownership transitions. The concept is straightforward: instead of selling your business to a competitor or a private equity firm, you sell it to your employees through a trust. They […]
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