Planning · October 17, 2024

Exit Planning for Small Business Owners: The SBA Loan Advantage

Exiting a business marks a significant milestone for owners and an opportunity to capitalize on your hard work and secure your financial future. However, the selling process can be complex. With challenges ranging from finding the right buyer and negotiating a fair deal to navigating complex financial options, making a seamless transition may be difficult.

One tool that may help streamline the process of selling your business and attract a larger pool of qualified buyers is the US Small Business Administration, or SBA, loan program.

Whether you're actively seeking a buyer for your business or just starting to explore your options, understanding how to leverage SBA loans is a strategic move that may positively impact your financial future. Here's how to navigate business exit planning during this pivotal stage of your company's journey.

Download PDF to learn more about exit planning for small business owners , Opens in a new tab

Insights
Financial insights for your business

Planning

Tips for Small Business Equipment Financing

Business owners should take advantage of these tips for managing small business equipment financing at the end of the year.
Small businesses can optimize tax benefits by strategically timing their capital expenditures.
Planning

Create a Strong Business Succession Plan

Protect what you built and leave your legacy intact with a solid business succession plan.
Follow these succession planning steps to help ensure your own reality matches your dream.
Technology

How to Benefit from Customer Behavior Analytics

Discover how behavioral science technology works and how you can benefit from data-driven decisions.
By leveraging customer behavior analytics and data based on previous decision-making, businesses can get insights into their customers' preferences.

This material is for informational purposes only and is not intended to be an offer, specific investment strategy, recommendation or solicitation to purchase or sell any security or insurance product, and should not be construed as legal, tax or accounting advice. Please consult with your legal or tax advisor regarding the particular facts and circumstances of your situation prior to making any financial decision. While we believe that the information presented is from reliable sources, we do not represent, warrant or guarantee that it is accurate or complete.

Third parties mentioned are not affiliated with First-Citizens Bank & Trust Company.

Links to third-party websites may have a privacy policy different from First Citizens Bank and may provide less security than this website. First Citizens Bank and its affiliates are not responsible for the products, services and content on any third-party website.

First Citizens Bank is a Member FDIC and an Equal Housing Lender icon: sys-ehl.

NMLSR ID 503941