SBA 7a Loan Tip: Find Out If There Is A Prepayment Penalty

Todays SBA 7a Loan Tip: Find Out If There Is A Prepayment Penalty - Some banks charge a 2% to 5% prepament penalty if you repay your loan early. Repaying early reduces your costs. Make sure the contract allows you to repay your loan early without penalty.

Todays Opportunities Prequalified For Business Acquisition Loans:

1. North Carolina based pharmacy opportunity for sale - This well established, high volume pharmacy is centrally located in an affluent, highly populated recreational and retirement community of North Carolina.  The pharmacy is located in a free standing building, with drive thru window, free prescription delivery and caring customer service, which has resulted in a very loyal customer base. The pharmacy has been exceptionally successful, and its revenue has grown from $7,910 million in 2002 to $11,346 million in 2006, an increase of $3,436 million or 43%. Prescription drug sales represented 86% of the total revenue in 2006. An average of approximately 587 prescriptions are filled daily, of which almost half are filled with the aide of a leased robot. The pharmacy has been consistently profitable, and the seller’s discretionary cash of $1,034,000 in 2006 is an exceptional 9.1% of sales. The owner/pharmacist will be retiring, but is available for an orderly transition, and will continue to work as a pharmacist until the position is filled. Deal Structure: Price: $4,900,000, Adjusted Net: $1,034,000. For details go to: http://www.usabizmart.com/businesses/119443.php

2. Las Vegas, Clark County, Nevada based mail/print service business for sale - fixed assets are approximately $491,000 (equipment, fixtures & leasehold improvements). Seller purchased business in 1998 (originally established in 1982 under a different business name by the previous seller. Business prints on advertising and promotional product such as pens, shirts, calendars, mugs, magnets, golf balls, etc. Owner works approximately 15 hours a week. Included in the purchase price is a sales phone room located in California (rent of $2,000 per month). The sales phone room has a manager and approximately 15-20 salespersons. Seller states new owner should go after convention business. Business sells and ships throughout the United States. Building & land is available for purchase price of $1,700,000. Buyer to assume leases on 2 Xerox color printers and 1 computerized embroidery machine. Buyer to submit financial statement with offer. Business shown by appointment only.

Leased location of 10,500 square feet with a total rent of $10,500. Seller is active in business with 23 full time employees. Land and building available for $1,700,000. $75,000 accounts receivable and $200,000 inventory included. Deal Structure: Price: $1,495,000, Adjusted Net: $500,000. For details go to: http://www.usabizmart.com/businesses/119460.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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