SBA Loan Tip: Show What You Know To Get The Loan

Todays SBA Loan Tip: Show What You Know To Get The Loan - When you most need money may be the hardest time to get a loan. A great idea or a lot of enthusisam is not enough. You need to demonstrate an understanding of the industry, that you understand the business, and have the necessary commitment.

Lenders are often approached by people who have little knowledge about the industry they want to enter. Do some research before asking for a loan. Prepare an in-depth analysis of the market, projected expenses and income, and other details. The more evidence you show that you are prepared the better.


Todays Featured SBA Pre-Qualified Businesses For Sale:

1. Louisville, Jefferson County, Kentucky based grocery store business for sale - The grocery has been in this location for over twenty years. The location is surrounded with established single family homes as well as nice apartment complexes. The store offers a variety of meats, produce, dairy products, frozen foods and canned goods. The store also sells lottery tickets and money orders. With minimal overhead, low rent and only four full-time employees, this grocery turns a great profit. This is a great opportunity for an owner/manager or for a family investment. Deal Structure: Price: $500,000, Adjusted Net: $150,000. For details go to: http://www.usabizmart.com/businesses/119310.php

2. Norfolk County, Massachusetts based health club opportunity for sale - A great 6000 plus square foot, easy to run facility with very little competition. Located in an upscale town South of Boston, the club commands higher then average membership fees from well to do clients. Classes in yoga, pilates, spin etc are offered as is an excellent selection of workout equipment in the comfortable and well laid out gym area. At about 700 members with a high percentage on monthly EFTs, this gym is a money maker poised for growth with a new owner. a good lease is available and the business could be SBA financed. Owner moving out of state.

Financing: Should be finance able through SBA.

Year Established: 1999
Facilities: 6200 sq foot modern building on a high traffic road in an affluent community.
Competition: Almost none!
Growth And Expansion: This business is in a growth mode over the last year and the new owner need only to continue current practices to continue growth.
Support/Training: Owner will stay on to train as needed.
Reason Selling: Owners moving out of state.
Employees: 19 part time and 1 full time. Part timers are mostly trainers and class leaders being paid based on the income they produce. Deal Structure: Price: $379,900, Adjusted Net: $125,000. For details go to: http://www.usabizmart.com/businesses/119317.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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