Disclaimer: as the PPP is handled at the individual SBA Lender level, the items necessary may differ from lender to lender. Additionally, we are not lenders and the information listed here is FYI only. Please contact your business bank to get connected to the appropriate contact. You are likely receiving a lot of emails and information from various sources regarding the Paycheck Protection Program. The purpose of this post, which may be updated as new information is learned, is to distill the requests and process down to the meat only. So, here goes: Paycheck Protection Program Tips Here is the official PPP Application. You will want to work with your existing SBA-approved bank. We are hearing that due to such high demand, most lenders are prioritizing current customers. If you do not have a good contact, we can provide a list of quality SBA contacts at various banks. Please be aware that their response time will likely be delayed. Remember: Stay in communication with your lender but avoid inundating them down with unnecessary communication as they are certainly already feeling overwhelmed. Paycheck Protection Program (PPP) Checklist Start collecting items that will be requested now. Do not wait for a final […]
Under The CARES Act, The SBA Will Pay (In Full) 6 Months of Your 7a Loan
Section 1112 of the CARES Act requires the Small Business Administration (SBA) to make payments on new and existing 7(a) loans for six months. These are not deferments. They are full payments of principal and interest that the borrower will never be responsible for again.
Start Where You Are: Understanding Business Valuation As A First Step
We hope you are doing well and staying healthy. In turbulent times, it is even more imperative that business owners understand the value of their business, and what metrics drive valuation. We strongly advise owners to use this time to look internally at their own business; understanding the value of your company is the first step in planning for your eventual future succession. In order to best serve business owners, Calder Capital is extending our $500 off valuations throughout the month of April. We received wonderful feedback from our promotion in February and March and look forward to serving even more businesses this month. If you do not know the value of your business and have not done any succession planning you are not alone! Many business owners have not taken these important steps. The chart above from the International Business Brokers Association (IBBA) 2019 Q4 Market Pulse Report shows that the majority of sellers for businesses valued at less than $2MM do no planning before they sell. Unfortunately, this lack of planning leads to added stress and uncertainty; and confusion about when to sell and how much is enough. As the proverb wisely says, “The best time to plant a tree was […]
Small M&A Throughout and Following a Recession – Lessons from Recent History
The purpose of this post is to try to understand what may unfold using historical examples and analysis. Knowing the challenges of the past should better allow us to foster the creativity necessary to overcome those challenges should they unfold again.
SBA Disaster Assistance in Response to the Coronavirus
SBA Disaster Assistance in Response to the Coronavirus. SBA’s Economic Injury Disaster Loans offer up to $2 million in assistance per small business and can provide vital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing.
Attributes of Successful Transactions from the 2009 Deal Market
We have been recently doing some research into the archives of the post-Great Recession of the 2008-2010 deal market to try and understand what the near-term future may look like once the dramatic phase of COVID-19 runs its course. Of course, we would prefer not to think of those times but it’s best for buyers, sellers, and intermediaries to come to grips with the reality that the pending deal market will be more challenging than the recent past. Harkening back to an analysis of Q2 2009 business transactions, buyers and sellers considered the following attributes of closed transactions that helped those businesses reach a deal. Focusing on these factors in 2020 will help sellers in the near to medium best understand what factors will enhance the success of their transaction getting done throughout 2020 and into 2021. Factors That Enhanced The Chance of a Successful Transaction During the 2009 Deal Market: Physical Assets for Debt Financing – Economic conditions at the time had made banks wary of lending. Small businesses with higher levels of tangible assets, such as capital equipment or owned real estate, fared better in securing a purchase loan. Seller Financing – Buyers faced limited access to SBA-backed […]
Calder Capital welcomes Shane Kissack to the Team!
Calder Capital is pleased to announce the addition of Shane Kissack to the Calder team. Mr. Kissack has joined Calder as a Mergers and Acquisitions Advisor to assist and support Calder’s sell-side services for middle market clients in Northern Illinois and Southeast Wisconsin. Shane is an entrepreneurial-minded business development and strategy advisor serving small and mid-market business owners. Shane has over 20 years of business experience playing multiple roles in a variety of industries. He began his career in the golf industry running operations for multiple private clubs in the Chicago area. He then shifted to business owner when he started, operated and ultimately entered the sphere of Mergers and Acquisitions on the sell-side as he sold the first of two businesses in 2012. After selling his businesses, Shane became an investor and advisor in a growing retail beverage operation while temporarily living abroad in Varese, Italy. Upon his return to the U.S., he served as an economic development manager. Calder Capital is delighted to welcome Shane to the team! With the addition of Shane, our team looks forward to serving a greater number of clients in new geographic segments.
Laser Access, Inc. acquired by an Individual Investor!
March 2020 – Calder Capital, LLC is pleased to announce the successful sale of Walker, MI-based Laser Access Inc. to individual investor, Assy Okanin. Established in 1999, Laser Access is a market leader in the greater West Michigan area for 5-axis laser cutting and welding services. The Company provides automotive prototyping for the die making industry, as well as, aerospace parts manufacturing, and processing of hydro-formed, roll-formed, tubular and stamped parts requiring holes, cut-outs and out perimeter trimming. Laser Access’ former majority owner, Dan Szymanski, also owns Jedco, Inc. – a well-established and growing supplier to the aerospace and defense industries. Laser Access was originally established to bring 5-axis laser cutting in-house to Jedco, while excess capacity was to be utilized by serving other customers in the region. As the company grew its customer base and service offering, ownership decided that spinning it off made a lot of sense. Laser Access’s management team is supportive and excited about the sale. The company is looking forward to additional investment, leadership, vision, and growth under its new owner. Andy Picard, the general manager, was excited about the sale. “I look forward to continuing to lead this company alongside Assy. Working with Dan […]
Graphics Embossed Images acquired by an Individual Investor!
February 2020 – Calder Capital, LLC is pleased to announce the successful sale of Graphics Embossed Images, Inc. (“Graphics Embossed Images”) of Grand Rapids, Michigan, to an Individual Investor. Graphics Embossed Images boasts over 45 years of experience providing foil stamping, embossing, die-cutting, and folding services to service printers throughout West Michigan and Indiana. The Company has established a strong presence in the printing industry by focusing on being both friendly and dependable to its customer base. The business is built upon a foundation of long-term relationships, which speak to the quality and service provided by each and every employee of Graphics Embossed Images. Graphics Embossed Images co-owners, Ron Feenstra and Michele Matthews, approached Calder in mid-2019 to begin transitioning into retirement. Michele Matthews, co-owner of Graphics Embossed Images, commented, “We approached Calder Capital after hearing how they helped a friend of ours transition from his business. After hearing how Calder was able to get multiple offers and close the transaction at a great value, we were confident in working with Max Friar and Calder Capital. Scott Nicholson did a fantastic job helping us evaluate all of our options, and ultimately, we felt good about the buyer and the future […]
D.C. Martin & Son Scales Acquired by Mettler-Toledo International Inc. (NYSE: MTD)!
February 2020 – Calder Capital, LLC is pleased to announce the successful sale of D.C. Martin & Son Scales, of Grand Rapids, Michigan, to Mettler Toledo International Inc. (NYSE: MTD). Founded in 1955, D.C. Martin & Son Scales sells, installs, maintains and calibrates industrial scales and weighing systems. The Company’s direct sales and service personnel serve virtually every industry from food and pharmaceutical to discrete manufacturing, agriculture, and distribution. Overall, D.C. Martin offers a complete line of counting scales, floor scales, heavy capacity (truck and rail) scales, and high precision scales. Founded by their grandfather, Dave C. Martin, a first-generation immigrant from Scotland who achieved commercial success with little more than a 6th-grade education and a lot of grit, D.C. Martin & Son Scales owners David Martin and Pam Meier have worked in the business since 1984. Under David and Pam’s ownership and direction, D.C. Martin & Son was able to make incredible strides generating considerable business outside of West Michigan. Both David and Pam handled critical functions of the business and when Pam expressed a desire to slow down and pursue a transition, she and David thought it best to look for a successor for the business that would […]