Today's SBA Loan Tip: Computing Adjusted Net Income For
SBA Loan Financing Is Different Than Your Basic Cash Flow - Computing adjusted net income for SBA loan financing purposes is very different that what a business broker or owner would utilize to sell a small to mid-sized business. Most business brokers and owners are very aggressive on "add-backs" to compute adjusted net income to justify a higher price on the business being sold. However, SBA lenders typically utilize the basic add-backs since they are more conservative that business brokers and small business owners. In doing so the price of the business is also adjusted in th eyes of many SBA lenders.
Today's Businesses Pre-Qualified For SBA Loan Assistance:
1. Irvine, Orange County, California based
home automation company for sale - High end contractor for home automation, audio and security systems in Southern California. The company is one of the most respected contractors in the industry. They are the choice vendors for all of the top homebuilders in the region. The company has established itself as the leading authority in the home automation, audio and security systems in Southern California. Escalating energy costs are causing consumers to become more aware of the energy management capabilities of automation systemsthe biggest trend in home automation at the moment is increased connectabilty and affordability. Homeowners expect reasonably priced products that offer intuitive control of their homes with simple, yet comprehensive access and control. As the housing market becomes more competitive, the homebuilders find themselves in position to offer more to their clients. The home automation, theater, audio and security system has proven itself as an excellent option to provide to the new homebuyers. This company has secured contracts until mid 2008 and currently leads the market in ongoing projects. They service over 20 home communities at times and their work reaches over 3000 clients a year. This is a turnkey operation. The current owner is very busy with some other pet projects and spends very little time managing this business. Verification of funds required. Deal Structure: Price: $2,500,000, Adjusted Net: $650,000 +. For details go to: http://www.bizben.com/listings/96941.php
2. Jacksonville, Florida based
motorcycle sales opportunity for sale - Motorcycle sales and accessories: motorcycle sales and accessories business selling a variety of popular brands. A wide selection of cycles and ATV's as well as accessories and clothing offer the consumer many choices. This shop has been in business for 28 years and enjoys an excellent reputation of service and repair. Currently located on a major highway with excellent visibility, this is a destination point for both new and repeat customers. In Northern Florida, near ocean, beaches and resorts. Business nets over $246,000. For details go to: http://www.usabizmart.com/businesses/112841.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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