Local lenders are seeing an uptick in the number of entrepreneurs looking to buy a small business, and Small Business Administration loans are increasingly being relied on as a good avenue to get the deal done.
Dominic Karaba, executive vice president of business banking for UMB Bank, said the improving economy is a huge reason that more small business owners have an interest in selling.
"We've got this big group of people we thought might start transitioning in 2006-2007, but it stalled because…
Local lenders are seeing an uptick in the number of entrepreneurs looking to buy a small business, and Small Business Administration loans are increasingly being relied on as a good avenue to get the deal done.
Dominic Karaba, executive vice president of business banking for UMB Bank, said the improving economy is a huge reason that more small business owners have an interest in selling.
"We've got this big group of people we thought might start transitioning in 2006-2007, but it stalled because…