Today's SBA Business Loans Tip: Buyers Should Get Pre-Qualified For Business Purchase Financing Before They Buy A Business.
Its seems like such a simple idea, but all buyers of small to mid-sized businesses who think they will need financing to buy a business should get
SBA loan pre-qualified before they even start the search process! The pre-qualification process should tell you what price business you can afford, what size adjusted net income before debt service you should search for, and other factors that will save you a lot of time and effort!
Today's Featured Businesses Pre-Qualed For SBA Business Loans:
1. California based
Italian restaurant for sale - Established high volume Itilian restaurant in Northern California. Asking price includes real estate. Restaurant has a banquet room with a capacity of 48 guests. 4800 sqft completely referbished and remodeled. Open for lunch and dinner only. This is an award winning restaurant within Northern California. Gross sales are over 1.5 million annual. Annual net income 300k. Please click on non-disclosure agreement, fill-out, and fax/email back for location and financial inforamtion. Thank you! Deal Structure: Price: $2,750,000, Adjusted Net: $300,000. For details go to: http://www.bizben.com/listings/87542.php
2. Twin Cities, Minnesota based
art & framing shop business for sale - Frame your future! This retail art and custom framing store has many great ingredients that has made it successful. They specialize in helping people decorate their homes and offices with beautiful works of art, limited edition prints and high quality custom framing at competitive prices. The business is located in an excellent retail location and has existed there for over 14 years. A strong national franchise allows a new owner to buy inventory at discounts and receive extensive marketing support. The owner is willing to train and finance the right buyer, and over $90,000 of inventory goes with the sale. Deal Structure: Price: $125,000, Adjusted Net: $45,316. For details go to: http://www.usabizmart.com/businesses/110827.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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