Today's Business Financing Tip: Overcoming Financing Rejections - It's wise to cultivate a good relationship with a lender before you need a loan. Lenders will scrutinize your business plan. If the lender says the plan is too risky or shows a lack of confidence, you probably haven't done enough preparation. However, there are times a loan rejection probably can't be overcome. That is if they cite insufficient collateral or want more of a financial commitment from you that you are unable to provide.
Today's Featured Businesses Pre-Qualified By Business Lenders For SBA Loan:
1, Orange County, California based
furniture and accessory retailer business for sale - High end Orange County home furnishings and accessory retailer. Currently with two locations, this operation is fully staffed with managing design professionals, well trained sales and customer service personnel the current full staff could be left in place to leave the new owners to expand operation on a full time basis (through enhancing the current website or expanding to new locations), or the new owner could pursue other business interest treating the purchase as more of an "absentee owner" investment. Finally an owner with design experience and passion could take over the head manager’s role (working full time) and increase the annual sellers discretionary earning over 70,000 (to 296,000 annually). Solid federal tax records will substantiate numbers to support a SBA loan. This will allow qualified buyers to engage in this opportunity with as little as 250,000 to 300,000 down. Previously on market, but seller unaware of SBA lending! This is a excellent oportunity! Deal Structure: Price: $890,000, Adjusted Net: $296,000. For details go to: http://www.bizben.com/listings/95310.php
2. Monmouth County, New Jersey based
bowling alley opportunity for sale - Bowling facility located on commercially zoned (highway 71) main street. At present has 26 updated Brunswick alley's. & brewster's, a 3000 sq. ft. pub w/ a C license valued at $400k on over 1.3 acres w/ 67 parking spaces. Needs hands on operator. Corporation managed at present. Very little league play. Has new roof & tiles. Has to have manager with local ties to create league build up. All equipment new & state of the art. Facility can draw from heavily populated local area. No other alley's w/ in 10 miles. Zoning is bor. conversion to commercial retail use if buyer desires can be done. Can easily increase lane average to over 30,000 per lane from present 15,270. Brunswick is presently operator of lanes until 6/20/08. Their laggard management style is major reason for alleys lifeless return. However alley revenues are up from $315k in '04 & $363k in '05. Rent roll back shows profit of $31,005. Conversion to catering facility is possible & should be considered. Deal Structure: Price: $3,500,000, Adjusted Net: $153,584. For details go to: http://www.usabizmart.com/businesses/117302.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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