Business Loan Calculator Tip: Debt Service Payments

Today's Business Loan Calculator Tip: Debt Service Payments Should Be Computed Before You Buy A Business - Debt service payments should be computed on SBA loan financing or a commercial loan before you take the final steps in a purchase agreement. It always amazes me how many business buyers (even with the assistance of business brokers) don't compute the SBA loan payment due monthly on the debt service they will have. Many times the debt service is larger than the adjusted net income presented by the business broker, agent, or seller! That is why a pre-qualification before the search process begins is a wise idea for business buyers.

Today's Listings Pre-Qualified For SBA Business Loans:

1. Glendale, Los Angeles County, California based Italian restaurant for sale - Elegant dining and fine cuisine- an authentic Italian restaurant and bar. This restaurant has been providing excellent service in an elegant atmosphere- in fact; it has received the prestigious “four diamond award” six years in a row, zagat rated. Restaurant has a full bar with a wide variety of wine and beer. Plus they provide catering service. From formal weddings to casual family reunions all types and sizes either on location or at the restaurant. This business is located in a highly desirable location. Business continues to increase and continues to provide a very nice profit to the owners. Deal structure: Price: $615,000, Adjusted Net: $258,000. For details go to: http://www.bizben.com/listings/87253.php

2. Lakeland, Polk County, Florida based pizza & pasta restaurant for sale - Well kept pizza and pasta restaurant located in Lakeland. Currently seats 85 but has plenty of room to expand and seat up to 150. They do not offer delivery and do not have a beer and wine license but that can be easily obtained to increase business.  Equipment is in great shape and business is open 7 days a week. Owners are motivated. Deal structure: Price: $400,000, Adjusted Net: $150,000. For details go to: http://www.usabizmart.com/businesses/113084.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: entrepreneur, sba loans

•Technorati  •del.icio.us  •Digg It  •Furl  •ma.gnolia  •Spurl  •Yahoo MyWeb