Credit Cards Can't Be Utilized For Business Purchases With SBA Loan Financing

Today's SBA Loan Tip For Business Opportunities Purchase Financing:

Credit Cards Can't Be Utilized For Business Purchases With SBA Loan Financing

I have had a few clients purchasing a small to mid-sized business who have wanted to use credit cards to "finance" their down payment. Sorry you can't, first the SBA doesn't allow "borrowed funds" for down payments, and second you would be raising your personal debt load that would probably get you ejected from the loan process in the end. Funds for business purchase financing down payments usually come from: savings, investments, home equity, or gift money from family members.

Today's Featured SBA Loan Pre-Qualified Business Opportunities For Sale:

1. Los Angeles County, California based Soft Goods Manufacturing Company For Sale - Sales Force Of 12 Sales Representatives Throughout The Country.. This Is A Profitable Niche Garment Business That Does Not Sell To The Mass Merchants Like Wal Mart, Target, Etc.  They Focus On Higher End Retailers With A Road Sales Force Of 12 Sales Representatives Throughout The Country Plus They Have International Distributors In 12 Other Countries Around The World. Company Has A Great Reputation Within Their Industry With A Loyal Following Of Clients.  Business Has Been Operating For Over 22 Years And The Owner Would Like To Retire.  Business Is Good!  Gross Sales (Based On 2005 Jan To Dec): 5,000,000 +. Sale Price Is A Multiple Of 3x At 1,500,000. Deal Structure: Price: 1,500,000, Adjusted Net: 450,000. For details go to:  http://www.bizben.com/listings/88333.php

2. Central Florida based Cargo Trailer Sales Opportunity For Sale - A Division Of An Existing Company, They Sell & Service Equipment Trailers.. This Sale Is Of A Division Of An Existing Company. The Division Sells And Services Equipment Trailers From A Single Central Florida Location. They Are One Largest Retailers Of Their Type In The State Of Florida. The Sale Needs To Close Before January 15, 2007 Because It Will Have Grown Too Large For SBA Financing After That Point So Take Advantage Of This Excellent Opportunity. Deal Structure: Price: 1,300,000, Adjusted Net: 390,000. For details go to:  http://www.usabizmart.com/businesses/111316.php

3. Ontario, San Bernardino County, California based Car Wash Business Listing With Real Estate For Sale - Full Serve Car Wash W/Real Property- Gas/Snack-Net 575,000 W/ Upside Potential.. Top Quality Full Serve Car Wash With Gasoline. Over 7500 Cars /Mo On Average. Net 575,000/Yr And Growing. New Homes And Office Buildings Are Being Built In The Area. City Estimates Traffic Count Will Double In 3 Years. Abc License Available. Most Equipment Are New (Less Than 2 Years Old).Long Tunnel. 35,000 Square Feet Land Included. Deal Structure: Price: 5,000,000, Adjusted Net: 575,000. For details go to:  http://www.bizben.com/listings/88215.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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