Ask the Expert!
Question from Anna: "Does the SBA (Small Business Administration) make loans?"

Answer: Anna, thanks for asking. In most cases the SBA, does not make loans. It guarantees loans for banks which tends to make banks more agreeable to financing small business deals, particularly acquisition loans. Generally banks with SBA guarantees are more likely to make loans that have collateral (security) issues. Banks are almost always asset based lenders. They want to have enough assets so that if a loan goes bad they can seize and sell the assets to recover the loan funds. SBA guarantees can help fill that gap. Sounds good but there are caveats. SBA loans can be more expensive than conventional loans. More fees, etc. The exclusive Loans4Biz ( program created by CBI TEAM can help cut through red tape and get the best loan for a buyer (and for the seller). Call Kelly Tivis at 479-770-8989 if you need more help. 

We want to hear from you, our readers! Send in your questions to
and we'll have your answers in our next newsletter.

Business Confidential is compiled from information picked up by Carl Grimes and other CBI Team members on the streets, in the offices and around Northwest and Central Arkansas, and Northeast Oklahoma. The names aren't being revealed to protect the innocent (and sometimes the guilty!).

 Dateline Northwest Arkansas:

Big news, Letters of Intent (LOIs) have been written and accepted on six businesses and are set for closing in early 2018. Business is booming. More on these sales next month. 

Want to reach hundreds of business owners and buyers?

Contact us to find out more!

About These Buyers:
The CBI TEAM has worked hard to cultivate a large buyer network. In addition to general buyers looking to purchase main street businesses. We have developed an extensive list of Private Equity Groups, and other large financial organizations which specialize in the acquisition of larger businesses with gross revenues over 5 million dollars. No business is too large for the CBI TEAM to handle. If you're a large business owner, and have worried that there is no one in the area who can handle the sale, the CBI TEAM is here for you, to help secure your financial future. For more information  877-582-5200 or email 

Connect With Us On Social Media:

Need some encouragement?
Contact us at 877-582-5200 or e-mail for a no-obligation, confidential consultation.
The CBI TEAM would like to wish you and yours a Happy and Prosperous New Year

(From Left to Right: Dr. Peter Jeppsen, Seller and Dr. Brandon Stroope, Buyer)

SOLD! Summit Dental Clinic 

Dr. Peter Jeppsen recently sold Summit Dental of Siloam Springs, Arkansas to Dr. Brandon Stroope. Casey Grimes, CBI TEAM dental and orthodontic specialist was the Intermediary for the transaction according to Northwest Arkansas CBI TEAM office owner Carl Grimes. Dr. Jeppsen is moving to Colorado and Dr. Stroope, who has been in practice in Central Arkansas, has moved to Northwest Arkansas. If you are considering selling or buying a dental or orthodontic practice, Casey Grimes has built a large database of practice owners and potential buyers. 

(From Left to Right: Christy Milligan, Seller and Marcie and Michael Apel, Buyers)

SOLD! Cupcakes On Kavanaugh

Cupcakes on Kavanaugh, a Little Rock favorite located in the trendy Hillcrest District, changed ownership on Thursday, November 30, 2017. The previous owner and found, Christy Milligan, sold the thriving cupcake bakery to new owners Marcie and Michael Apel of Little Rock. Marcie will run the business and plans on keeping it in its current location. The business will continue to serve local residents and Central Arkansas its delicious and gourmet cupcakes! 

Christy founded the business in 2008 and built it into one of Central Arkansas' favorite bakeries, serving specialty gourmet cupcakes and other delicious treats. Located in the original spot off Kavanaugh in Hillcrest, Cupcakes on Kavanaugh developed an unmatched reputation over the last ten years under Christy's guidance and direction. Recently she began to pursue other business ventures and felt as if it was time to move on to another chapter of life by selling the bakery. However, she did not want to sell it to just anybody, and after trying herself, thought it best to pursue the services of a professional team to best help her sell the business to the right buyer. 

Her search did not take long as she was quick to find CBI Of Central Arkansas, part of The CBI TEAM and Arkansas' largest and most successful Business Brokerage firm. She enlisted the services of Owner Connor Grimes and Shep Campbell, Senior Intermediary, in order to confidentially list and sell her business. 

CBI Was engaged in April of 2017, and 7 short months later found the perfect buyers in Marcie and Michael Apel. Christy knew these were the right buyers, and the Apels were thrilled with the opportunity. Thus a deal was quickly reached, and the closing was conducted with smoothness and efficiency. The keys exchanged hands on a Thursday morning, and the Apels were off and running. They look to carry Cupcakes on Kavanaugh into the next generation of ownership, building on the already solid foundation laid by Milligan. So stop by and say hello to the new owners, and continue to enjoy your gourmet cupcakes for years to come. 

(From Left to Right: Keith Toller, Seller, and Buyers, Ryan Herron and Michael Putzke)

SOLD! Blue Monday Laundry

The seller Keith Toller, in addition to the two laundries known as Blue Monday, owns and operates two retail stores in Tulsa which keep him busy. He decided that after ten years, it was time to lighten his daily responsibilities by selling the laundries. 

The buyers, Ryan Herron and Michael Putzke both work for Yorktown Bank at Utica Square as VP/Relationship Managers and are partners in several investments and saw the value that Blue Monday Laundries would bring to their portfolio. 

(From Left to Right: William Anderson, Buyer and Franklin Carter, Seller.)

SOLD! Juan's Mexican Restaurant

Juan's Mexican Restaurant in Fort Smith has been sold according to Mark Kincannon Owner/Managing Partner of the CBI TEAM Fort Smith River Valley. Mark Kincannon met Franklin Carter via a phone call in 2015. Two years later and ready for retirement, Franklin remembered that conversation when he decided he was ready to sell Juan's Mexican Restaurant, the business he'd owned for 30+ years. 

Franklin engaged the CBI
 TEAM Fort Smith-River Valley, Juan's was listed in May and by July Mark and Business Intermediary Isaac Davis had found the buyer. Entrepreneur and small business owner Will Anderson was introduced to this listing via an "Opportunity of the Week" presented on Social Media. Will was immediately interested in acquiring Juan's as a new investment and was able to utilize our proprietary Loans For Business ( financing program to ensure he found the best available financing option. 

Business intermediary Isaac Davis facilitated the sale, managing negotiations, due diligence, and closing. 

 TEAM Fort Smith-River Valley is happy to assist both the seller and buyer in accomplishing their goals. 

Will mentioned that he appreciated CBI
 Fort Smith-River Valley helping him accomplish his investment goals and that everything went great from his perspective. He also mentioned that he would appreciate us bringing additional opportunities to him for evaluation. 

SOLD! Richardson Plumbing In Little Rock, Arkansas

The Central Arkansas and Northwest Arkansas CBI TEAM offices teamed up to help Bradley Richardson sell the business and real estate. In the process of doing so we added to our huge buyer database of those who are seeking to buy, expand and sell plumbing businesses. If you are interested in selling or buying contact us at or call 877-582-5200 for a confidential, no-obligation consultation. 

Selling To A Third Party
by Carl Grimes, CBI 
Chairman-Confidential Business Intermediaries/The CBI TEAM

Your business has provided for you and your family. Paid the mortgage. Put the kids through college. But, it's time for you to retire, step aside, put your feet up,  ride off into the sunset...whatever.

As long as you ran the business it provided income but now that you either can't or don't want to work in the business, how do you turn that into retirement income? 

The simple answer is to sell it to a third party who will pay you for not only the fixed assets of your business (furniture, fixtures and equipment and inventory and real estate, if any) but also for the goodwill you've built up over the years. Goodwill. Don't forget goodwill. In many cases it is the largest asset of a business but it's often also the hardest for which to get paid. 

Using an experienced Business Intermediary (yes, like those here at CBI TEAM) can help you calculate the value of your Goodwill and other assets of your business and get you paid. 

Working with the rest of your team (yes, you need a team) of your CPA, Financial Advisor and Attorney, the CBI Intermediary is like the lead physician at Mayo Clinic, leveraging your specialists to effect a sale that takes care of you and your family by creating a liquidity event, turning your business into a cash machine even though you don't show up for work every day. 

Utilizing years of experience and hundreds of sales, the CBI TEAM will counsel and guide you through the complicated process. 

Don't wait. Call today or email and get a no-obligation consultation with a CBI TEAM member to help you get started. 

Online Marketing Activity

One of the many ways the CBI TEAM markets businesses is through buyer specific websites, places business buyers go to find businesses to buy. ​Below are figures that represent ​some online ​buyer activity on some (not all) of the websites used by Confidential Business Intermediaries/CBI TEAM to market businesses. This information displays the amount of views or "hits" that ​CBI business listing​s​ and websites ​got as well as the total number of ​emails​ to ​which ​our monthly newsletter​s are sent​.​ It costs hundreds of dollars per month to place the confidential "blind" ads on these websites. In addition to the websites, CBI prepares and implements a customized marketing plan for each business ​we list for sale.

​CBI also prepares a monthly report for each business owner we represent. The monthly report provides detailed information about each business listing.

Business ListingsLast MonthLast 12 Months
Total Number of Views11,032120,199
Avg. Views per Listing2262,241
Total Email Inquiries51642

cbiteam.comLast MonthLast 12 Months
Total Number of Visitors1,21712,657
Total Number of Views1,99530,062

Monthly NewslettersLast Month
Total Newsletters Sent12,416

Company Profile

The CBI TEAM is the largest business brokerage network in Arkansas and Oklahoma. Since 1994 we have helped people sell and buy businesses in one of the nation's fastest growing regions. Offices in Northwest Arkansas, Central Arkansas, Fort Smith, Arkansas, and Tulsa, Oklahoma, make the CBI TEAM is the only business brokerage firm with offices in each of the major Ozarks cities. 

The CBI TEAM manages the entire business sales process, from helping the seller arrive at a reasonable, market-driven price for the business, to helping the buyer to arrange financing so that the seller gets the most compensation at closing. 

The CBI TEAM is the one-stop intermediary for all business sellers and buyers.

Carl Grimes, Office Owner
Serving the Northwest Arkansas area
Contact us at (479) 770-8989 or

Connor Grimes, Office Owner
Serving the Central Arkansas area
Contact us at (501) 404-4980 or

Mark Kincannon, Office Owner
Serving the Fort Smith/River Valley Arkansas area
Contact us at (479) 784-9522 or

Roy Still, Office Owner
Serving the Tulsa, Oklahoma area
Contact us at (918) 940-6437 or