Business Loans Tip: A Good Credit Rating Is Vital

Todays Business Loans Tip: A Good Credit Rating Is Vital For Getting A SBA Loan - Your credit history is a gauge of your credit worthinessand is an important component in the SBA loan application process. The SBA partner banks provide the money, but they usually do the credit examination and then submit the results to SBA. If you have a bankruptcy or poor credit history you will have difficulty getting an SBA loan. If your credit score is low, consider a credit repair service like Lexington Law. They help speed up the process of restoring good credit.

Todays Featured SBA Loan Pre-Qualified Business Opportunities:

1. Ohio based HVAC contractor business for sale - Profitability trends for this multi-faceted contracting business have been positive. The company provides electrical, mechanical, plumbing, & HVAC contracting services. Cash flow to owner’s equity is approximately 20% of gross revenues. Experienced management, sales, and work forces are in place. Newer equipment with professional facility. Diversified sales mix adds stability. Stable business model. Deal Structure: Price: $800,000, Adjusted Net: $400,000. For details go to:  http://www.usabizmart.com/businesses/120302.php

2. Texas based auto collision with real estate company for sale - The business, which is engaged in auto and truck collision repair, is located in a growing central texas city that also serves a large rural area. The business has working agreements with all of the major insurance companies as well as several fleet companies and enjoys a thriving independent trade.

The seller, who is not full time in the business, has developed a competent staff that manages the business on a day-to-day basis with general oversight from the seller. The seller has other business interests and career objectives and has elected to offer the business for sale.

Real estate is included in the asking price. Deal Structure: Price: $825,000, Adjusted Net: $181,000. For details go to: http://www.usabizmart.com/businesses/120313.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.