SBA Financing Tip: To Get A SBA Loan You Must Write A Business Plan

Today's SBA Financing Tip: To Get A SBA Loan You Must Write A Business Plan - Like a bank, the SBA requires a business plan before you get a loan. They want to see that you have a clear understanding of the business you're buying, that you have researched the market, and are aware of the business environment. They want detailed plans about how your business can make money.

Today's Featured SBA Loan Pre-Qualified Business Opportunities:

1. Asheville, Buncombe County, North Carolina based pawn shop opportunity for sale - The two companies being sold together are a high-volume pawn shop and check cashing store that function as a source of short-term cash. Lending and/or credit services are provided to individuals who do not have cash resources or access to credit to meet short-term cash needs. The businesses also provide services for people who are unable (or unwilling) to do business with commercial banks. The pawn shop offers non-recourse loans collateralized by tangible personal property such as jewelry, consumer electronics, tools, sporting goods, musical instruments, etc.

Merchandise is also sold to consumers from its pawn lending operations. an average loan is small, usually $75-$100. The pawn broker will hold the merchandise for 60-90 days, giving the borrower time to repay the loan amount plus interest at 22%/month. Statistically, 15-20% of a pawnbroker’s customers do not to repay their loans, which allows the pawn shop to generate additional profit (in addition to the interest charges) from the item’s resale, since the loan amount is based on 30% of market value. The business also retails previously owned merchandise acquired through over-the-counter purchases from consumers, check cashing, money orders and other related financial services.

This turnkey pawn shop and check cashing facility has been in business since 1989. Both companies are located in one location at a busy shopping center near a primary north carolina interstate highway. Signage and parking are excellent.

Both the pawn shop and check cashing facility have a customer base exceeding 14,000 people, one third of which are ‘regulars’; emails and special promotions are sent to them on a recurring basis. Most regular customers are known by the staff on a first name basis.

The pawn shop has excellent community relations, having developed a strong affiliation with city, state and county law enforcement officials. A sophisticated security system (24 hours/day). Deal Structure: Price: $1,690,000, Adjusted Net: $400,000. For details go to: http://www.usabizmart.com/businesses/111728.php

2. Sonoma County, California based charter bus service business 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. Training included: the owner is willing to stay as long as needed to facilitate a smooth transition; a non compete clause will be executed. 2006 estimated revenues are 1,800,000 for sellers 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: entrepreneurship, sba

•Technorati  •del.icio.us  •Digg It  •Furl  •ma.gnolia  •Spurl  •Yahoo MyWeb