Today's Commercial Business Loans Tip: The SBA Loan Approval Process Should Only Be 3 To 5 Days Long - We get many referrals from bankers, brokers, and small business consultants whose clients have been bogged down with the underwriting process at a SBA lender. In many instances banks (without our assistance) will take up to 3 weeks for the SBA loan approval process (loan committees, etc)! When buying a business, timing is everything and most buyers and sellers can't wait an excessive time to find out whether a deal has been SBA loan approved for business purchase financing! The right SBA lender (who doesn't have a backup) should only take 2-5 days for a full approval letter of confirmation to be produced.
Today's Opportunities Pre-Qualified For A Loan To Buy A Business:
1. Solano County, California based
car rental franchise for sale - Rental car & truck company is part of major national franchise. Two locations. Territory rights for additional location included in deal. This business is very profitable in every year. Profits come from car & truck rentals, and sales of depreciated cars.
Seller owns primary location and will do favorable longterm lease. Market lease is available for second location.
Major expansion potential as seller owns franchise rights to a nearby, similar sized and rapidly growing market – included in the deal! Simple business and seller will train completely.
Seller is motivated to do a fair deal asap. sba pre qualified 80% loan with greater bay bank. Buyer needs minimum 500,000 cash and additional net worth of 1.5 M to qualify for credit line assumption. Deal Structure: Price: $1,650,000, Adjusted Net: $517,849. For details go to: http://www.bizben.com/listings/84747.php
2. Odessa, Texas based
restaurant with real estate for sale - Busy, popular lounge & restaurant with real estate on 1.760 acres is for sale for $600,000. Well established business since 1978 with the present ownership in charge since 1993. Many loyal local customers, as well as travelers come to enjoy the services provided by owner & warm friendly, dependable staff. Entertainment is provided in the lounge 7 nights a week & includes karaoke fun. Value of assets which include all contents of restaurant plus all of the kitchen equipment is approximately $400,000. Value of the real estate is approximately $325,000 this business is close to apartment complexes. Located in Odessa, Texas on major highway close to many apartment complexes. Both restaurant & lounge cover an area of 7,390 sq.ft. with lots of guest parking. Odessa sits midway between Fort Worth & El Paso & is thriving with new businesses & a booming manufacturing sector Odessa has many great features including a favorable climate, affordable yet upscale housing, highly skilled & virtually union-free labor force & an excellent quality of life. Odessa is also proud to be the home of the University of Texas Permian Basin & Odessa College. The Odessa development corporation was created to expand & diversify the industrial base, to bring in new industry & encourage expansion of existing industry. Odessa has a state-of-the-art health care service & because of its strategic location in the heart of West Texas has grown to become the health care hub for surrounding communities. Expansion potential: Great potential for expansion by introducing catering, delivery service & other service options to the community. Competition / market: some competition. Support & training: Owner offers flexible training & support if required by new owner. Reasons for selling: Owner is looking forward to retiring. Trading hours: 24 hours a day, 7 days a week. Financing available: Contact for more details. Furniture / fixtures value: Undisclosed. Inventory / stock value: Undisclosed. Years established: Since 1978. Employees: 30 full-time, 11 part-time. Deal Structure: Price: $600,000, Adjusted Net: $150,000. For details go to: http://www.usabizmart.com/businesses/116018.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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