Bullish Baby Boomers Help Fuel Red Hot Small Business M&A Market
Prices have risen dramatically as a result of the bullish business buying. According to the NFIB Small Business Optimism Index, the net percent of owners raising average selling prices increased 10 points to 36%. That’s the highest reading since April 1981 when it was 43%. In its quarterly report, BizBuySell said the median sales price was $350,000 in the first quarter, a 30% jump from a year ago.
Source: CNBC
C2FO and Marcus by Goldman Sachs Announce Partnership to Provide Financing to Small Businesses
Businesses can apply for financing amounts starting at $10,000 and up to $1 million, depending on the borrowing business’ needs, financial health and creditworthiness, and subject to credit approval by Goldman Sachs Bank USA. The partnership will increase access to low-cost, convenient capital since 2010. Marcus by Goldman Sachs® offers products and tools designed to help people and small businesses achieve financial well-being.
Source: PR Newswire
NASA Invests $105 Million in US Small Business Technology Development
NASA’s small business program is dedicated to finding the most useful technologies for the agency and the commercial marketplace, and sourcing those innovations from a diverse group of entrepreneurs with different backgrounds and perspectives. The agency’s Small Business Innovation Research (SBIR) program is furthering that mission with 140 new Phase II awards to 127 U.S. small businesses that will help them move their innovations to market.
The awards to these small businesses, total $105 million. The companies chosen for Phase II funding include 33 women-owned, minority-owned, and veteran-owned small businesses.
Source: MarketScale
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