Todays Business Financing Loans Tip: Overcoming Financing Rejections - It's wise to cultivate a good relationship with a lender before you need a loan. Lenders will scrutinize your business plan. If the lender says the plan is too risky or shows a lack of confidence, you probably haven't done enough preparation. However, there are times a loan rejection probably can't be overcome. That is if they cite insufficient collateral or want more of a financial commitment from you that you are unable to provide.
Todays Featured SBA Pre-Qualified Businesses For Sale:
1. Denver, Jefferson County, Colorado based
motorcycle dealer business for sale - Own one of colorados premier motorcycle dealerships. Multiple lines, highly qualified, experienced staff and loyal, longstanding clientele. Outstanding systems and processes allow the owner to have limited involvement and opportunity to travel.
The business has continued to do well even in varying economic conditions. This is an incredible business that comes with an incredible lifestyle.
The real estate is available for lease or purchase. Real estate is valued at $2.8m. clean books - SBA financing available. Deal Structure: Price: $2,400,000, Adjusted Net: $600,000. For details go to: http://www.usabizmart.com/businesses/120823.php
2. Ocean County, New Jersey based
appliance retailer company for sale - This very successful appliance retail owner is ready to retire after 25+ years in the business, and will transfer a dedicated staff and an excellent client basis to the new owner. His operation has focused on high end appliances, as reflected in the company’s margins, and has enjoyed a very stable business over many years. The company is highly competitive versus large box stores (due to its affiliation with a buying group), with very little seasonal effects. A sophisticated, proven marketing campaign is shown by the success of the company. The purchase price of $940k (plus $300k for the inventory) is very reasonable, and includes $200k in rolling a/p and debt (offset by a/r). The business has seen an average annual sd cash flow of $320,000 over the past three years (with a 12% sales growth in 2006), which will allow a buyer to recoup his initial cash down payment of $250,000 within less than a year. The after-debt / after acquisition cash flow will be $210,000 to the new owner, and represents an 80%+ return on cash down. The business has been pre-approved by sba lending sources. The business had a dedicated employee staff for more than ten years, which is thoroughly familiar with all aspects of the business (owner is a three- month absentee owner” each year). *** All data based on signed tax returns ***
General Information
Facilities: Located on the Jersey shore in a very attractive location. If buyer is interested in real estate, the owner will consider a sale at a very reasonable price.
Competition: Company provides a “full service” approach, by selling and servicing equipment, which is in essence exceeding what typical box stores do. Further, the company belongs to a buying group enabling it to purchase equipment at a very competitive pricing. Deal Structure: Price: $940,000, Adjusted Net: $360,000. For details go to: http://www.usabizmart.com/businesses/120865.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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