Today's Business Loan Financing Tip: Collateral For The Loans - Sometimes lenders want to see evidence that they can get their money (or at least parts of it) back, even if you cannot pay. This may be your personal or business assets. Collaterol can be your house, receivables, investments, and other things that have value and could be sold to cover all or part of the loan. If you don't have collateral you'll possible need a co-signer. A co-signer will use their collateral in case you default on paying the loan back. However if the cash flow is strong enough and other factors line up on with business buyers and the selling business sometimes collaterial is not an issue if taken to the right
SBA lender.
Today's Featured SBA Pre-Qualified Business Listings For Purchase:
1. Las Vegas, Clark County, Nevada based
sports bar & gaming business for sale - High volume sports bar & restaurant with gaming license & real estate. This high volume sports bar has been established for over 10 years. The business comes with a full liquor license and an h1 gaming license. The real estate of 2 acres is included in the price. Facilities: 5000 Sqft. Building On A 2 Acre Lot. Established: 1995. Deal structure: Price: $12,000,000, Adjusted Net: Call/Email. For details go to: http://www.usabizmart.com/businesses/112800.php
2. Orange County, California based
home remodeling company for sale - Home remodeling contractor revenues $1,357,756 net $264,441 owner moving. This well established home remodeling company has been serving the southern california for many years. Its faithful clientele has allowed the company to achieve excellent revenues and profits annually. The company is located in Orange County California. Monthly rent is $1,896 on $1,601 square feet. The lease expires february 28, 2007. Owner is moving out of state. Gross revenues for 05/06 were $1,357,756 and adjusted profits were $264,441. The company has 4-full time employees and pays monthly wages of $12,000 the company also employees 7 sub-contractors. Price includes equipment. This company has a long term track record with great sales & profits. Competition is stable. Growth could be encouraged by increasing the advertising budget. The best candidate for this business will be a competitor or someone with business management and marketing skills who wants a safe business for many years to come. The owner will assist the buyer in obtaining their contractors license and will be the responsible managing officer if necessary in the interium. Deal structure: Price: $595,000, Adjusted Net: $264,441. For details go to: http://www.bizben.com/listings/91645.php
* Note: These businesses have been business pre-qualified only - buyers of these businesses will also have to be pre-qualified - before SBA loan business purchase financing may be obtained. Approximately 32 different factors (buyer/seller info) are evaluated in the SBA loan process for business purchase loan financing.Technorati Tags:
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