Small Business Center
Minnesota bankers are seeing a rise in mergers-and-acquisitions activity that’s more typical of the third and fourth quarters of the year, as owners that had delayed sales and purchases during COVID have begun to act. The market has some parallels to 2009 and 2010, as the effects of the recession receded. Prospective buyers should be ready with their financing in a competitive market, said one business broker. A U.S. Small Business Administration loan typically requires a 10 to 15% down payment, and it’s important to have a financial cushion for operating your acquisition because valuations are rising.