Today's SBA Loan Process Tip: Over Priced Deals Bring Complications To SBA Loan Financing For Buying A Business - Most owner/sellers tend to overprice their business - it pays to have a 3rd party do a valuation before it goes on the market or perhaps before you buy the business. This Valuation/Report can then be presented to both potential business buyers and to lenders for financing if need be to get the deal approved and financed. SBA loan financing deals must have a realistic value or lenders typically turn them down or only finance the "realistic value potion of the business".
Today's Featured Businesses Pre-Qualified By Business Lenders For SBA Loan:
1, Lynchburg City County, Virginia based
products manufacturing business for sale - The company is an established, profitable manufacturer of institutional wooden furniture. Products include chairs, high chairs, restaurant booths, and table tops and bases, sold nationally to the restaurant/hospitality industry. The company's philosophy is to provide the highest quality furnishings at affordable prices. This business has been established for over thirty years and is a consistent performer with increasing sales revenues and a solid outlook towards the future. It has name recognition with major restaurant chains, limited competition, and a growing, national market. The real estate is also offered for sale or lease at the option of the buyer. The 70,000 square foot facility, located on 3.4 acres of land is offered at $1,472,000 (not included in the purchase price of the business). A management structure is in place so a buyer can truly "manage" this business from the outset. It is an outstanding opportunity for someone to own their own business and immediately earn profits! Deal Structure: Price: $1,500,000, Adjusted Net: $297,492. For details go to: http://www.usabizmart.com/businesses/111964.php
2. Martinez, Contra Costa County, California based
gas station/mart with real estate for sale - Gas station (independant) 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 independant 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.
If you just want to purchase the business (selling for 450,000). Seller will carry note with 250,000 down payment plus inventory. Option on the property. Seller will grant a 20 year lease 5 year lease with 3-5 year otpions. Asking rent is 5,500 monthly plus NNN fees. Deal Structure: Price: $1,450,000, Adjusted Net: Call/Email. For details go to: http://www.bizben.com/listings/78226.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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