SBA Loans Tip: Use You Home Equity

Today's SBA Loans Tip: SBA Loans Tip: Use You Home Equity For Down Payment or Purchase - If you have a lot of equity in your home, you can use it to buy a business or for a down payment. Don't pull all your funds out of your house for a down payment. Figure out how the deal will be structured and be sure you you have enough equity needed to help secure a loan.

Today's Featured Business Loan Pre-Qualified For SBA Loans:

1. San Francisco Bay Area, California based carpet & flooring business for sale - The second oldest floor covering business in the valley is available for sale to the right individual. It is part of the #1 national buying group in the country, which has been a real asset to this business. The company receives the best pricing due to the size of the buying group, replacement contracts with national insurance companies, on-going training, and strong rebates from manufacturers. After being in the business for over 20 years, one of the partners wants to try his hand at other endeavors, so the partnership will end. This is a great business for someone who is service oriented, hands-on and one who enjoys retail and the hours that go with it. Deal Structure: Price: $500,000, Adjusted Net: $203,512. For details go to: http://www.usabizmart.com/businesses/115707.php

2. Sacramento, California based concrete service business for sale - This is an opportunity to own a long running concrete company in the Sacramento Area. The seller is ready to retire. This company has 17 mixers on the road and has clientele that is both commercial and residential applications. This company has been in business for over 22 years, and has a great reputation in the area. The seller is willing to carry a portion of the purchase price to the right buyer. All or a portion of the land that this business sits on could be available for purchase from the landlord, upon request, to retain the zoning for the batch plant permit. Deal Structure: Price: $7,000,000, Adjusted Net: $745,248. For details go to: http://www.bizben.com/listings/94601.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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