How To Get A SBA Loan Tip: Get Your Personal Credit Into Shape

Today's How To Get A SBA Loan Tip: Get Your Personal Credit Into Shape - As a borrower your track record in paying your bills is an important part of the loan application process. The banks that give SBA loans will conduct a credit examination of the borrower. They then give the results to SBA. The SBA requires that borrowers personally guarantee the loan. It can be hard if you have a low credit score or bankruptcy. If your credit score is low, consider hiring a company like Lexington Law or other credit repair service to help.

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

1.  Peachtree City, Fayette County, Georgia based auto paint and body business for sale - Established in 1999, this profitable business is located in one of the most desirable communities in SW Metro Atlanta.  The facility has a 7,500 square foot body shop (20 stalls); 3,000 square foot paint shop (6 stalls); 3,000 square foot detail area; 1,500 square foot executive office area. The real estate is 2.25 acres that is landscaped, fenced, lighted and has a storage capacity for 91 vehicles. In addition, there are parking spaces provided for visitors and for customer automobile estimates. Business utilizes two software estimating systems:  CCC Pathways and Audatex.

The business major customers include State Farm, USAA, Liberty Mutual, Cotton States, Lynx Select, Nobilas, FCCI and GSA approved.  The business has certification as an I-Car Gold Class (5-years), 3-M top shop and Dupont performance alliance.  In addition to the two owners, the office personnel includes an estimator and an admin person, three body technicians, one paint technician and two detail technicians.

This business has the physical assets for significant growth beyond the 2007 projections of $1,500,000 in sales by marketing capabilities to automobile dealerships and adding ancillary business services. Deal Structure: Price: $2,000,000, Adjusted Net: $275,000. For details go to: http://www.usabizmart.com/businesses/117853.php

2.  Las Vegas, Clark County, Nevada based custom wallbeds manufacturer opportunity for sale - This expuisite showroom features space saver furiture and wall bed units and wall bed office. This business can be seen from the freeway and features a central location in Las Vegas. Owners have established their clients base since 1986. The business is well known for its great reputation and service according to the seller. Owners will train and assist in the transition of a new owner. See why las vegas residents have taken this company into there homes for over 21 years. Deal Structure: Price: $375,000, Adjusted Net: $235,000. For details go to: http://www.usabizmart.com/businesses/117880.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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