Todays SBA Loans Tip: Debt Service Payments Should Be Computed Before You Buy A Business - Debt service payments should be computed on SBA loan financing or a commercial loan before you take the final steps in a purchase agreement. It always amazes me how many business buyers (even with the assistance of business brokers) don't compute the SBA loan payment due monthly on the debt service they will have. Many times the debt service is larger than the adjusted net income presented by the business broker, agent, or seller! That is why a Pre-Qualification before the search process begins is a wise idea for business buyers.
Todays Featured Pre-Qualified Small Businesses For Sale Ready For SBA Loan Process:
1. Ontario, San Bernardino County, California based
auto body shop business for sale - This business located at high traffic area on major intersection in city of Ontario. This is a established business over 25 years and is three business in one. (Body shop & paint, smog and smog repair shop and general shop.) Including: Over 29,000 s.f. fenced yard with 2 free stand buildings secured by gates. With 10 bays and 6 lifts. The reason for selling: This business owned by two partners, one active and another silent. The silent partner wants to sale his share for $120,000. Deal Structure: Price: $240,000, Adjusted Net: $200,000. For details go to: http://www.bizben.com/listings/103012.php
2. Portland, Multnomah County, Oregon based
software company for sale - Profitable, established software company. Owner has just lowered the price for a quick sale. Monthly recurring revenue is $300,000.
The foundation for what is now the company was created in the 1970's by a leading travel stop chain. The system evolved over the years and soon became widely known as the only system designed specifically for the travel stop industry. In 1998, a group of long-time employees acquired the company which continues as the leader in information systems for the travel stop and convenience store industry.
The company provides industry specific solutions, system interface flexibility, and unparalleled 24 hour, 365 days a year customer support. The company incorporates new technologies and system enhancements. Their combination of industry experience, dedication to the customer, and vision of the future, makes the company bound to lead the way for years to come. Deal Structure: Price: $350,000, Adjusted Net: $206,111. For details go to: http://www.usabizmart.com/businesses/119706.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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