Buying A Business Financing Tip: Get Collateral For The Loan

Today's Buying A Business Financing Tip: Get Collateral For The Loan - Banks want to see evidence that they can get their money (or at least parts of it) back, even if you cannot pay. This may be your personal or business assets. Collaterol can be your house, receivables, investments, and other things that have value and could be sold to cover all or part of the loan. If you don't have collateral you'll need a co-signer. A co-signer will use their collateral in case you default on paying the loan back.

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

1.  Orange, Orange County, California based auto accessories retailer and installer business for sale - The business sells auto accessories which include: body kits, wings, custom tail & head lights, euro lights, billet grills, performance items, mufflers, chrome trim, interior trim, dvd, navigation and stereo equipment, suspension kits, tires and wheels, window tinting and much more.

Hrs. Of Operation: 10am-7pm (M-Fri), 9am-6pm (Sat.) and 11am-5pm (Sun).

The store is located in a small strip center and is anchored by a liquor store, barber shop and a hardware store, each of which is drawing a predominately male "auto accessory" type customer. Shop is centrally located and with easy access from the 91, 55 and 57 Freeways. New lease available to buyer.

The 3 employees include a full-time sales assistant, a mechnic and a part-time kit installer.

Shop is centrally located and with easy access from the 91, 55 and 57 Freeways. Deal Structure: Price: $225,000, Adjusted Net: $105,000. For details go to: http://www.bizben.com/listings/88309.php

2.  Arkansas based floral distributor and wholesaler opportunity for sale - This wholesale distribution company was established by the owner in 1984 and quickly grew to 5 routes with the need to add a 6th. Their excellent reputation for quality and customer service keeps them in constant demand for their services. Their current delivery routes branch out into five states and have created a customer base that is made up of retail florists and some garden centers. They operate out of 5 greenhouses totaling 17,640 sq ft. set on 4 acres. After 23 years of meticulously building a satisfied customer base and due to poor health this owner is ready to retire to his farm. Deal Structure: Price: $500,000, Adjusted Net: $159,903. For details go to: http://www.usabizmart.com/businesses/116996.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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