The financial crisis of 2008 hit small businesses hard; many went under and those that survived are still barely holding on. September 27, 2010, Obama signed the Small Business Jobs Act, benefitting mom and pop shops all across the nation. Small businesses received eight tax breaks on top of the eight already implemented since Obama took office. The act has also allowed small business owners to attain credit and loans more easily, as well as providing fee relief for owners buying CRE through SBA programs.
Simply put, the Small Business Jobs Act is a pretty sweet deal that all small business owners can and should take advantage of. There is just one hitch: the expiration date. This relief to small business finances will no longer be offered after December 31, 2010 (or when resources are spent).
Considering it generally takes between 60 and 90 days to complete a purchase transaction, business owners looking to purchase: the time to act is now… if of course, you want to get in on this government deal. If buyers wait much longer, the opportunity will pass right by.