Buying Business Loan Tip: Overcoming Financing Rejections

Today's Buying Business Loan Tip: Overcoming Financing Rejections - It's wise to cultivate a good relationship with a loan consultant & loan placement firm before you need a loan. Lenders will scrutinize your business plan. If the lender says the plan is too risky or shows a lack of confidence, you probably haven't done enough preparation. However, there are times a loan rejection probably can't be overcome. That is if they cite insufficient collateral or want more of a financial commitment from you that you are unable to provide.

Today's Pre-Qualified Listings For Buyers Financing A Business Purchase:

1. Martinez, Contra Costa County, California based gas station/mart with real estate for sale - Gas station (independent) with food mart, Contra Costa County. gas volume 70,000 gallons monthly @22 cent margin and the food mart is about 22,000 monthly at 37% margin.  Just changed to independent brand last week. Presently has U-Haul rentals, revenue is about 2,000 profit monthly. Business is sold plus inventory. Seller will package the business and property together for 1,550,000. Should be able to get sba loan with 20% down payment. Asking rent is 5,500 monthly plus NNN fee's. Deal Structure: Price: $1,450,000, Adjusted Net: Call/Email. For details go to: http://www.bizben.com/listings/78226.php

2. Palm Beach County, Florida based pool service company for sale - Stable, secure business. Increasing sales. Excellent clientele. Great location. Same owners since inception. Owners are retiring. Secure, stable business with excellent clientele. Tight route service grouping. Pool store, service and repair. The company exports overseas. Steady yearly growth. High-end pool service. Commercial and residential plus chemcial delivery. Fantastic website. Six trucks service the accounts. Excellent office staff handles billing and accounting. Well known company with excellent reputation. Real estate estimated at $420,000 included in asking price of $1.1 million. No brokers or intermediaries please, regardless of compensation source. Deal Structure: Price: $1,100,000, Adjusted Net: $318,632. For details go to: http://www.usabizmart.com/businesses/113503.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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