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4/14/07

SBA Prequalify Tip: The SBA Pre-Approval Process



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Today's SBA Prequalify Tip: Do Not Be Fooled By Many SBA Lenders Pre-Approval Process - Many business buyers responding to business brokers and agents listings see that the listing is "SBA Pre-Approved". Most of the time this means that the business broker has given a sales person or "Business Development Officer" at a bank the adjusted net income (from the brokers or agents calculations!) and some other basic facts. There are over 32 different SBA loan factors that go into deciding whether a deal is SBA financable. It is always best to work with a consulting firm like BizBuyFinancing to get the best financing for any deals you may be working on.

Today's Featured SBA Pre-Qualified Businesses For Sale:

1. Benton County, Arkansas based plumbing contractor business for sale - Summary: Established in 1994, this is a turn-key business that is ready for a new owner to step in and hit the ground plumbing! This profitable, owner-operated plumbing contractor does mostly new residential construction, and some repair and light commercial. The bulk of its customers come from repeat business, referrals and the company’s excellent reputation. Growth/Competition: A new owner with a contractor’s license could easily expand the business into commercial construction. The current owner has never run the business with more than four employees, and routinely turns down business. Located in Northwest Arkansas, one of the fastest growing parts of the country and home to corporate giants like Wal-Mart, Tyson Foods and J.B. Hunt trucking, this business is poised to take advantage of the area’s explosive growth. Deal Structure: Price: $225,000, Adjusted Net: $180,000. For details go to: http://www.usabizmart.com/businesses/115071.php

2. Long Beach, Los Angeles County, California based dry cleaners company for sale - Dry cleaners plant in whole new unit, shopping center location! Plant - abt.1.500 sq. ft., new hydro machine-60lb, & washer (60lb),new Senkosha and other line which is only 5 months old.(total 170,000 investment), big potential to increase sales if add routing service. Very rare opportunity to start cleaners business to dominate the area. Call now ! Deal Structure: Price: $385,000, Adjusted Net: $102,000. For details go to: http://www.bizben.com/listings/92941.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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Posted at 9:36 pm in SBA Loans

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