Todays SBA Lending Tip: Tapping Into Existing Retirment Funds For SBA Loan Financing To Buy A Business - Retirement Funds/Plans - Many buyers have built up sizeable amounts in their work 401K and retirement plans. There is a way to tap this money tax free - put it into a "special trust" that then buys the business for you. Many corporate refuges/individuals coming out of corporate America are going this route now when buying a small to mid-sized business. Approximately 30% of our clients now utilize this strategy for down payments and working capital with SBA financing when they buy a business.
Todays Featured Business For Sale Opportunities That Are SBA Pre-Qualified:
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.) Each business could be sold separaitly 65,000 or 195,000 for all. Including: over 29,000 s.f. fenced yard with 2 free stand buildings secured by gates. With 10 bays and 6 lifts. spray both, state-of-art dupond mixing paint, tow post fraim machine, tow new compresors. A/C vacuum & charger machine tire balancing machine, 2 diagnostic machine, fuel injection & transmission flush machine and much more. The reason for selling: This business owned by two partners, one active and another silent. The silent partner wants to sell his shire for 120,000 or best offer. Deal Structure: Price: $65,000 ea, Adjusted Net: $200,000. For details go to: http://www.bizben.com/listings/103012.php
2. Kansas based
waterproofing service company for sale - Outstanding service business that has built a solid reputation over the last 18 years. Company has solid relationships with some of the more active homebuilders in the KC metro area. Owner expanded into basement repair and erosion control and has seen significant growth in these areas. Business is easily relocateable. Deal Structure: Price: $250,000, Adjusted Net: $107,452. For details go to: http://www.usabizmart.com/businesses/121587.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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