SBA Business Loan Tip: Determine The Terms Of A Sale

Todays SBA Business Loan Tip: Determine The Terms Of A Sale - The “terms” of a sale is the amount of the down payment and the amount financed. Most  businesses sell with one-third or less down and the owner finances the balance. The more you ask for as a downpayment, the lower the asking price will be.

Todays Featured SBA Pre-Qualified Business Listings For Purchase:

1. Las Vegas, Clark County, Nevada based electrical contractor company for sale - This electrical contractor does tenant improvements, new construction, residential remodels, fire repairs and custom homes. 50% of their jobs are residential and 50% are commercial. The sellers currently work out of an office/warehouse located at their personal residence that is approximately 930 sq. ft.  buyer may purchase the sellers' residence, office/warehouse for $290,000 or move the business to a new location. $24,000 has been deducted from the annual net income to cover the rent if the buyer decides to move to a new location. Sellers state that they have good books and records to prove their income.

Leased location of 930 square feet with a total rent of $2,000. Seller is active in business with 5 full time employees and 2 part time employees. $10,000 inventory, $25,000 equipment and fixtures, and vehicles $40,894 included. 24-hour emergency service available. OWC $190k for 36 months @ 8% oac. Deal Structure: Price: $385,000, Adjusted Net: $152,542. For details go to:  http://www.usabizmart.com/businesses/121104.php

2. Brooklyn, Kings County, New York based car wash business for sale - This is a hand car wash currently doing 35,000 cars per year. Estimated after 2 yrs. from end of street construction, as per 50,000 car per year at $19.00 p/car,total of $950,000 p/yr.estimated after 3 yrs. from end street constructin, as per $60,000 car per at $21.00 p.car, total of $1,260,000 per year. Deal Structure: Price: $1,200,000, Adjusted Net: $210,000. For details go to: http://www.usabizmart.com/businesses/121086.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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