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5/11/07

Financing A Business Tip: Yes You Need A Written Business Plan



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Today's Financing A Business Tip: Yes You Need A Written Business Plan - At a basic level a business plan can help you organize your goals and thoughts about your business. It can also help you plan ahead and make better decisions. Some lenders require it. There are resources available: from business plan software to online training at the Small Business Association.

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

1. Solano County, California based car rental franchise opportunity 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 1.5M 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. Orange County, New York based event agency business for sale - Want a business focused on fun and parties? Who wouldn't- especially if you can make a quarter million a year, have lots of fun vacations and bring joy to thousands. Here it is, and it gets better all the time.

For a payment in full at closing the price is reduced by $100,000.00 to only $495,000.00 and good clean books support a SBA or bank loan, so if you have $100,000 and want a peach of a business, the bank will do the rest.

This nicely growing business did a net income last year of $240k and looks to be booking more this year so far than at the same time last year. The owner will stay on for up to a full year to train/assist and market for the new management, and has staff in place to take over some of the management functions.

You can own and run this business. Deal Structure: Price: $495,000, Adjusted Net: $235,000. For details go to: http://www.usabizmart.com/businesses/116404.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 9:11 pm in SBA Loans

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