Standby's on Seller Carry Notes Suprise A Lot Of Sellers In SBA Financed Deals

Today's SBA Loan Tip For Business Purchase Loans, SBA Financing:

Standby's on Seller Carry Notes Suprise A Lot Of Sellers In SBA Financed Deals

Taking back a note by the seller on a deal can sometimes mean the difference between a deal getting financed or not. Many SBA lenders handle this situation very differently. Many lenders on the larger SBA loans will make the seller take a "standby" on their note - meaning they may only get paid interest for duration of time, or no payments for a period. Borrowers, and owners need to get these details upfront since many lenders will "purpose" this structure late in the loan process - upsetting all privey to the deal.

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

1. Redding, Shasta County, California based Italian Restaurant With Real Estate Opportunity For Sale - Chicago Style Italian Restaurant Is Family Owned And Operated!. The Original Building Was Built In 1932 And Served The Public As A Mexican Food Restaurant Until 1985. From That Time, The Restaurant Was Turned Into An Irish Pub Steakhouse And Remained In Business Until 2001. The Current Owners Purchased The Building In 2001 And Completely Rebuilt The Restaurant Giving It A Brand New Look! In December 2002 The Restaurant Opened As Gironda's With A Friendly Experience Staff, Great Ambiance, Quality Authentic Italian Foods Including Gourmet Chicago Style Pizza Pies! Price: 2,750,000, Adjusted Net: Call/Email. For details go to: http://www.bizben.com/listings/87542.php

2. East Syracuse, New York based Physical Therapy Practice Service For Sale - Are You Ready To Own And Prosper From Your Own Physical Therapy Practice?. Are You Ready To Own And Prosper From Your Own Physical Therapy Practice? It Has A Great History, Reputation And Future So Bright. A Staff Of 4 Full Time And One Part Time Await A Quality New Owner Who Is Ready Make Their Mark In Real Patient Care. Deal Structure: Price: 485,000, Adjusted Net: 156,900. For details go to: http://www.usabizmart.com/businesses/111047.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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