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11/17/07

SBA Lenders Tip: The SBA Pre-Approval Process



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Todays SBA Lenders Tip: Do Not Be Fooled By Many SBA Lenders Pre-Approval Process - Many business buyers responding to business brokers and agents listings see that the listing is "SBA Pre-Approved". Most of the time this means that the business broker has given a sales person or "Business Development Officer" at a bank the adjusted net income (from the brokers or agents calculations!) and some other basic facts. There are over 32 different SBA loan factors that go into deciding whether a deal is SBA financable. It is always best to work with a consulting firm like BizBuyFinancing to get the best financing for any deals you may be working on.

Todays Featured SBA Pre-Qualified Business Opportunities For Sale:

1. Jacksonville, Duval County, Florida based duct manufacturer busienss for sale - Located in northeast florida, this is a full-line manufacturer of round and oval duct products for new and upgraded commercial and industrial construction. Market area includes Florida, Georgia, Alabama and the Carolinas. Sales continue to be strong as is evidenced by the past three years' profit and loss statements. For fifteen years this company has built an exceptional reputation that provides a 95% repeat business from established clients. This company has a clean environmental record and great long term potential. Real estate is included in the price. Deal Structure: Price: $3,200,000, Adjusted Net: $498,800. For details go to:  http://www.usabizmart.com/businesses/121841.php

2. Plymouth County, Massachusetts based employee placement opportunity for sale - A long established professional placement service with national reach. Very well respected in a niche market. Key personnel are expressing a willingness to stay. An extensive list of clients and candidates come with this business. Easily relocated. Current owners willing to except a down payment with future payments contingent on revenues. This is a great opportunity for an established firm to add business or for an industry professional to strike out on his or her own. Deal Structure: Price: $200,000, Adjusted Net: $200,000. For details go to: http://www.usabizmart.com/businesses/121712.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 9:27 pm in SBA Loans

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