Todays SBA Lender Tip: Seller Carry Back Notes - Lenders Like Them - Seller carry back notes can sometimes make the difference between getting a loan when buying a small to mid-size business. If the buyer doesn't have a lot of experience in the industry they are buying into it shows the lender that the seller believes in the sale of their business enough to "take on some risk". The only time it doesn't make sense is when the debt service from the seller note is too high and the owner can't make his payment obligations to the SBA lender. Todays Featured SBA Lender Deals - Businesses For Sale:
1. Chattanooga, Hamilton County, Tennessee based
auto sales company for sale - Automobile sales & finance company ~ new & used luxury cars, trucks & SUV's - specializes in online sales of vehicles as well as customized lease programs to meet the specific needs of their customers. Vehicles are delivered to their dealership and picked-up by the customer, or drop-shipped to the customers location all across the nation. 100% of the vehicles are pre-sold; Therefore, there is no inventory to maintain, etc. Vast majority of vehicles are sold to repeat customers! Deal Structure: Price: $395,000, Adjusted Net: $160,000. For details go to: http://www.usabizmart.com/businesses/119516.php
2. Wisconsin based
OEM supplier business for sale - OEM supplier of mechanical assemblies and weldments. Strong cash flow. Excellent niche. The company has developed a highly profitable, lean and flexible sourcing, inventory and assembly business platform. Deal Structure: Price: $699,000, Adjusted Net: $218,000. For details go to: http://www.usabizmart.com/businesses/119660.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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