There has been some good news for those involved with buying and selling businesses this year. Lending within the SBA program reached the $30 Billion mark for 2011 beating the previous record set in 2007, before the Great Recession.  While conventional lending remains tight, banks are taking advantage of the SBA guarantees to make loans that would be difficult to approve without the SBA safety net.  Combined with the current $5 Million loan limit, which is more than double the previous limit of $2 Million, loan volume has been higher than ever.  While this is definitely a good sign, there is a long way to go before we can feel comfortable that the recovery is on track.

To learn more about the SBA, and specifically the 7(a) program that is most likely to fund a business purchase, visit www.SBA.gov.  With favorable terms and a greater likelihood of approval, an SBA loan can be a great tool for anyone looking to buy or sell a business in today's challenging economy.  For more information on buying a business or finding businesses for sale, visit www.guidedacq.com.