2/10/07
SBA Down Payment Tip: Cash & Savings For Down Payment
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Today's SBA Down Payment Tip: Cash & Savings Is Typically Utilized For A Down Payment Injection On A SBA Loan - Cash & Savings - An obvious source for a complete or partial down payment for SBA loan financing. You do not want to utilize your entire pile of cash since lenders will be accessing your "personal liquidity". Lenders do not want you to utilize all your cash on a down payment in case the new business you purchase has a few bad months financially. They want to make sure you have the funds personally to pay your families monthly bills etc.
Today's Featured Small Businesses Pre-Qualed For SBA Down Payment:
1. Los Angeles County, California based distributor business for sale - Net 228k-leading distributor of automotive component parts. This opportunity involves the sale of an established franchise location of a top-rated leader in the distribution of automotive component parts utilized by the aftermarket. This 13-year old franchise operation is a distributor for major brand name manufacturers for the southern california marketplace. Existing exclusive territory, provides 10 to 15% organic growth annually. Rent is 2,550 a month for 3,000 sq ft of space. lease expires in 2007 and landlord offered a reniewed long term lease. Annual revenues of 1.3 million, and seller's discretionary cash flow of 228k. Sale includes 300,000 worth of inventory (at cost), and 40,000 worth of ff&e at fair market value. Deal Structure: Price: $990,000, Adjusted Net: $228,000. For details go to: http://www.bizben.com/listings/88623.php
2. Kansas City, Wyandotte County, Kansas based liquor store with real estate for sale - High volume liquor store with real estate - includes 2,000 sq ft building. This is a high volume liquor store located within 2 miles of the legends and kansas city speedway. The purchase price includes the 2,000 sq ft building and land. The business has been in existence for 10 years with the same owner, who is now retiring. Deal Structure: Price: $500,000, Adjusted Net: Call/Email. For details go to: http://www.usabizmart.com/businesses/113601.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: financing, small business• Technorati • del.icio.us • Digg It • Furl • ma.gnolia • Spurl • Yahoo MyWeb
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