Today's Business Loan Tip: Get A Good Credit Score To Get Business Loan - You'll need high personal credit to get
financing to buy a business. However, sometimes this can be mitigated with collaterial, a large down payment, and work/management experience in the type of business you're buying. Overall, good to excellent credit score is a very important factor in getting financing. Your credit score should be 600 or higher. If it isn't, take some time to clean up your credit.
Today's Featured SBA Pre-Qualified Businesses For Sale:
1. Los Angeles, Los Angeles County, California based
soft goods manufacturing business for sale - This is a profitable niche garment business that does not sell to the mass merchants like wal mart, target, etc. They focus on higher end retailers with a road sales force of 12 sales representatives throughout the country plus they have international distributors in 12 other countries around the world. Gross sales (based on 2005 Jan to Dec): 5,000,000 +. Sale price is $1,800,000. includes $1,000,000 of 'current' inventory. Deal Structure: Price: $1,800,000, Adjusted Net: $450,000. For details go to: http://www.bizben.com/listings/88333.php
2. Bend, Deschutes County, Oregon based
importer/wholesaler opportunity for sale - This is a fun and lucrative business that imports and wholesales garden statues and fountains. Since 1998 the sellers have enjoyed building the business and the lifestyle it has provided but now have decided to semi-retire and spend time with family. They also wish to focus on real estate development projects. the business is poised for significant growth due to the business relationships in place and the excellent reputation in the marketplace. In the words of the seller; "This garden art collection of hand crafted bronze statuary, fountains, and home decor pieces is the outcome of our quest for distinctive, yet affordable, landscape and garden accents. We pride ourselves on the quality and diversity of our collection — from traditional European-styled classics to realistic animal and wildlife sculptures to whimsical children pieces." Deal Structure: Price: $845,000, Adjusted Net: $165,000. For details go to: http://www.usabizmart.com/businesses/115432.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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