Today's SBA Loan Tip For Business Purchase Loan - SBA Financing: Owner Training After The Deal Is Closed Is Critical Usually For Financing
Lenders require that their be a transition period between the past owner and the new buyer coming in to operate the business. Typically one to three months is the norm, but lenders always like more if possible. Buyers should insist on a training period/transition in their Letter Of Intent and Purchase Agreement if they are considering financing to buy a small to mid-sized business.
Today's Featured SBA Pre-Qualified Business Opportunities For Sale:
1. Studio City, Los Angeles County, California based
Japanese Restaurant Business For Sale - Well Established Great Japanese Restaurant With Great Price!. Rent: 3,400 Lease: 8 Yrs Remained. Seating Capacity: 60+ People. Deal Structure: Price: 600,000, Adjusted Net: 200,000. For details go to: http://www.bizben.com/listings/87766.php
2. Worcester County, Massachusetts based
Day Care Center Opportunity With Real Estate For Sale - Area's Most Loved Day Care Center. It Has Been In Operation For 50 Years.. Area's Most Loved Day Care Center. It Has Been In Operation For 50 Years And Has Growth Potential Of 35 Percent, Before Any New Expenses Are Needed. This Facility Has A Brand New Playground, Two Extremely Well-Kept Buildings, And Is Licensed For 65 Children. Currently This Daycare Facility Enrolls Children From The Ages Of 6 Weeks Through Kindergarten. There Are Two Licensed Directors On Staff Which Allows This Operation To Function With An Absentee Owner. The Kindergarten Program Is Licensed Through The State And The Current Director Is A Licensed Teacher And Will Stay On With New Owners. Sale Price Includes The Real Estate Valued At $550,000. Deal Structure: Price: 949,000, Adjusted Net: 197,425. For details go to: http://www.usabizmart.com/businesses/111078.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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