Loan To Purchase A Business Tip: Seller Carry Back Notes

Today's Loan To Purchase A Business Tip:  Seller Carry Back Notes - Lenders Like Them When They Make Sense. Seller carry back notes can sometimes make the difference between getting a loan when buying a small to mid-size business. If the buyer doesn't have a lot of experience in the industry they are buying into it shows the lender that the seller believes in the sale of their business enough to "take on some risk". The only time it doesn't make sense is when the debt service from the seller note is too high and the owner can't make his payment obligations to the SBA lender.

Today's Featured Small Businesses Pre Qualified For SBA Loans:

1.  Sacramento County, California based steel products company for sale - Manufacturer, wholesale and installation of reinforcing steel metal products. Own an icon in this industry. With over 30 years in business, and incredibly clean books and records, they have it dialed in. This business doesn’t advertise, all business is through referrals and repeat business. They provide the steel wholesale, and also do installations. The seller has the procedures and systems in place to operate this business. The seller oversees the business and handles the bids for the projects; He has foremen in place both in the shop and on each of the 6-9 crews in the field. Deal structure: Price: $1,340,514, Adjusted Net: $402,488. For details go to: http://www.bizben.com/listings/76157.php

2.  Anne Arundel County, Maryland based electrical service business for sale - Electrical contractors specializing in overhead and underground line construction, distribution, trenching, overhead lighting and 24 hour emergency services. Company has grown revenues by 87% and cash flow by 119% over last three years. This is an excellent opportunity to take over a well run organization that practically runs itself. Deal structure: Price: $4,500,000, Adjusted Net: $925,000. For details go to: http://www.usabizmart.com/businesses/113079.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.

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