During COVID-19 Right Time to Acquire According Accelerated Manufacturing Brokers
Frances Brunelle, President of Accelerated Manufacturing Brokers recently discussed this might be right time to acquire a manufacturing company due to the COVID-19 pandemic. According to Brunelle, “Many manufacturing companies not only continue to operate because they’re deemed ‘critical’ by the federal government, but they’re also thriving and busier than ever.” Read more here.
While much of the focus on the CARES Act has surrounded the Paycheck Protection Program, there are other aspects of the congressional act that affect new acquisition loans:
- The SBA will pay 6 months of principal & interest from March 27th to September 7th
- Fees are waived during this time period
- Interest rates are capped at 4%
- Maximum loan amount is increased to $10MM
These incredible changes are designed to spark activity in the market. While it is true that this crisis has devastated many businesses, some are not only surviving, they are thriving.
About Accelerated Manufacturing Brokers, Inc.:
Accelerated Manufacturing Brokers, Inc., specializes in the sale of manufacturing companies nationwide, with generally $2 – $20 million in revenue, and a minimum of $500K in net income. The firm is exclusively dedicated to helping manufacturers sell their businesses and transition into retirement. The firm’s mission ensures the continuity of U.S. manufacturing by connecting a new generation of entrepreneurial owners. The upfront guidance is offered without a fee; the assessment and how to optimize the manufacturing enterprise for sale is a unique hallmark of the Accelerated Manufacturing Brokers’ value proposition.
Passion about the manufacturing sector is personal; it represents the best and backbone of the U.S. economy. Clients are quintessentially great small American manufacturers. These savvy entrepreneurs are the nation’s renegades and rebels who have worked hard and built great companies. Like the clients served, the Accelerated Manufacturing Brokers’ team is highly entrepreneurial and manufactures their destiny while helping clients realize how to best position their company for prospective buyers.
For current listings click here.
Follow on Twitter at @MfgBrokers.
Media Contact
Company Name: Accelerated Manufacturing Brokers, Inc.
Contact Person: Frances A. Brunelle, President
Email: Send Email
Phone: 908-387-1000
Address:75 Frontage Rd
City: Asbury
State: NJ
Country: United States
Website: www.AcceleratedMfgBrokers.com
