Today's Business Lenders Tip: What Lenders Look For - If you need a business loan, a lender will look at many factors. The most basic factor is cash flow. They will want to see that you have enough to cover the expense of the business plus enough to live on. They also want to know your
work experience related to the business you are buying. A credit score of at least 600 is also important as are growing revenues or adjusted net income of the business you want to buy.
Today's Featured SBA Pre-Qualified For Business Lenders Loans:
1. Orange County, California based
auto accessories manufacturing company for sale - Auto accessory manufacturer, 2.8 million sales, profitable, very well run. Profitable and well known manufacturer of automotive car covers, floor mats, and other automotive accessories with both in house manufacturing and offshore (china) suppliers. Sales are over 2.8 million with consistent profitability and excellent books & records, and a well trained staff. The company sells and manufacturers specialty products and does not compete with the high volume lower quality standard product manufacturers. The company has a very broad product line which can be further expanded. Price does not include inventory & A/R. Typical inventory is approximately 400,000, typical A/R is 500,000. Financing is available for inventory and A/R in conjunction with sba financing for business acquisition. Buyer may purchase A/R or seller will retain any A/R the buyer does not want. Buyer must qualify for SBA financing. Deal Structure: Price: $700,000, Adjusted Net: $290,101. For details go to: http://www.bizben.com/listings/87864.php
2. Miami, Miami-Dade County, Florida based
importer/distributor opportunity for sale - Established profitable wine import and distribution business for sale in Miami. This Miami based wholesale wine importer has 75+ great Spanish and Italian wines. The business developed many valuable strategic partnerships with european wineries and obtained exclusive import rights for its large, and growing, brand portfolio that can satisfy exquisite taste at sensible prices. This business is fully licensed and it has profitable accounts in south florida. The business is blessed with a team of sales professionals who established excellent accounts that facilitated market penetration and continuous demand for the company’s product. There is much room for expansion into additional markets in florida, and through the development of a national distribution network. This is a remarkable opportunity for a wine lovers wanting to enjoy a substantial income doing what they loves most - selecting and selling affordable, great wines from smaller vineyards worldwide. The sellers will provide all the necessary training and will introduce buyers to vendors and clients to ensure a smooth transition of ownership. A substantial inventory valued at over $100,000 is included in the sale price. Good bookkeeping allows the business to qualify for a bank loan. Deal Structure: Price: $795,000, Adjusted Net: $160,000. For details go to: http://www.usabizmart.com/businesses/113968.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:
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