Seller Carry Back Notes - Lenders Like Them

10/6/06 - Today's SBA Loan Tip For Business Purchase Loans/Financing:

Seller Carry Back Notes - Lenders Like Them When They Make Sense

Seller carry back notes can sometimes make the difference between getting a loan when buying a small to mid-size business. If the buyer doesn't have a lot of experience in the industry they are buying into it shows the lender that the seller believes in the sale of their business enough to "take on some risk". The only time it doesn't make sense is when the debt service from the seller note is too high and the owner can't make his payment obligations to the SBA lender.

Today's Featured SBA Pre-Qualified Business Opportunity For Sale

1.  Rockland County, New York based Midas Auto Repair Business For Sale - This Is A Strategically Located 7,000 Sq. Ft. Garage. Great Opportunity!. This Is A Strategically Located 7,000 Sq. Ft. Garage With A Sub-Tenant That Pays All Of The Monthly Rent. The Gross And Net Of This Fine Looking Business Are Set To Increase Dramatically With A Full Time On-Site Manager/Owner, Who Is Likely To Do Very Nicely, Thank You. Business Can Do Well On A Monday-Friday Schedule. Deal Structure: Price: 249,000, Adjusted Net: 80,000.

* 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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