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ROI Corporation’s response to COVID-19

By March 19, 2020February 4th, 2021No Comments

To our valued clients, customers and associates:
During the current health crisis we want to assure you that we are taking the steps
as defined in our Business Interruption Contingency Plan. We remain fully
operational while we are all working from home as per the social distancing
recommendations. We are still here to provide all our services but will set meetings,
whenever possible, by phone or video conference. Below you’ll find some of our
clients questions answered and what ROI is doing to help our community.

 

What if you are selling your business, or were considering it?
We are being told by SBA backed banks that we can expect money to be available
for purchases and that if the business financial performance is affected by the virus,
it will be viewed as to where the business was before the outbreak and how it
performs after. In other words, common sense will prevail in how this bump in the
road is viewed.

 

What if you were looking to buy a business?
SBA banks are lending and you will have to evaluate the long term effects of the
outbreak as you analyze a particular business opportunity. However it is the mission
of the Small Business Administration since 1953 to assist in small businesses in
starting, growing, expanding or to recover. For more information, please visit their
website here.

 

How has it impacted the market?
There are still multiple private equity groups and individual buyers reaching out to us
for opportunities every day. The market appears to be strong even if folks are
approaching deals with a little more caution. This is a changing landscape and we
will do our best in our announcements and individual consultations to provide
current information as we become aware of it.

 

What if you just want to talk about your options?
In the spirit of community outreach, at this time, we are offering free consultations
regarding any and all questions you may have regarding your options and current
state of your business. We know these are worrying times and we’re here to provide
some peace of mind. We will get through this together. If you’d like to talk, please
call or email. We will also be offering free advice through several of our social media
channels, keep an eye on our Facebook, LinkedIn and website blog.

 

In the meantime, please stay safe and be well.

 

Sincerely,
Gary Rayberg, CBI, M&AMI
President
ROI Corporation