Today's Commercial Loan Tip: Your
SBA Loan Financing May Not Come All At Once - Just because you've been approved for a SBA loan for your business doesn't mean your lender will give you the full amount immediately. You may have to use a purchase orders or invoice before you can get all the funds. They may give you a check to purchase what you need. Some may even want to see a canceled check before the loan funds are released. Have some reserves in hand in case you have to float the money.
Today's Businesses Pre-Qualified For SBA Lender Assistance:
1. North Carolina based
auto tires and wheels retailer company for sale - This wheel shop sells custom wheels and performance tires and does installations. Sales are 53% wheels, 30% tires, 9% accessories and 8% labor. The seller has always operated the shop on an absentee basis. The current manager sells and installs and there is one salesman and one installer. This shop is a great buy and will not last long. Deal Structure: Price: $230,000, Adjusted Net: $102,000. For details go to: http://www.usabizmart.com/businesses/116869.php
2. Sonoma County, California based
charter bus service opportunity for sale - The business operates a charter bus service, for private and group activities. It is licensed to provide service in all U.S. states. This business has well maintained beautiful busses with seat capacity of 50 to 56 people. Services include charter services, specializing in travel groups that desire 2-14 day excursions, for example groups visiting national parks in California, Oregon and Washington. Other regular charters include school trip excursions, senior excursions, and day trips. This owner-operated business was originally established in 1996. The present ownership began in 2004. With 10 years in the industry, this company has strong ties within the community and enjoys unprecedented loyalty and customer satisfaction. 2006 estimated revenues are 1,800,000 for seller’s discretionary earnings please call. Deal Structure: Price: $1,400,000, Adjusted Net: $322,000. For details go to: http://www.bizben.com/listings/91014.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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