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Purchases Priced Between $400,000 And $5,000,000


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11/6/07

Financing SBA Tip: Tax Returns Are Critical In Financing Process



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Todays Financing SBA Tip: Make Sure The Business Broker Or Seller Can Provide Decent Tax Returns Early In The Process - It comes up all the time. Business brokers, agents, and sellers/owners have no idea what is on the tax returns. By the time the seller has received the tax returns for financing considerations - a lot of time is wasted due to the tax returns don't show adequate cash flow for debt service. It's amazing how many business brokers and agents don't collect, don't investigate the numbers on tax returns before putting it on the market to sell! Buyers - before you make an offer on a business purchase, make sure the tax returns are ready - and try and get a copy of them before you make an offer.

Todays Featured Business Loan Pre-Qualified Business Opportunities For Sale:

1. Suffolk County, New York based insurance agency business for sale - Prestigious life insurance agency that has been in business for over 25 years. Also provides penion planning and investments. Excellent renewable base of clients. Owner only works 2-3 days per week. Business is home based and can be moved. Deal Structure: Price: $750,000, Adjusted Net: $300,000. For details go to: http://www.usabizmart.com/businesses/121512.php

2. Houston, Houston County, Texas based regional trucking company for sale - Established over 15 years ago, company is a regional flat-bed trucking company located in southeast Texas. The company serves multiple states with load-and-go freight for its customers.

They have vehicles from pickup trucks to 18 wheeler tractor trailers and all sizes in between to meet any requirements their customers have. The company has always been able to pass increasing fuel costs onto their customers due to their excellent service and dependability.

This company has tremendous growth potential. The current owner has elected to maintain the business as its current level for ease of operation. Real estate is included in the asking price. Deal Structure: Price: $1,175,000, Adjusted Net: $297,032. For details go to: http://www.usabizmart.com/businesses/121529.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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Posted at 9:40 pm in SBA Loans

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